Air Products and Chemicals (NYSE:APD) Stock Gets Price Target Increase from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Air Products and Chemicals to $359 from $346 and maintained an “outperform” rating, implying 16.42% upside from the prior close.
• Analyst views are broadly positive: MarketBeat data showed a “Moderate Buy” consensus and an average price target of $334.24, with 12 Buy ratings and 7 Hold ratings.
• For the quarter, APD reported earnings of $3.61 per share, in line with estimates, while revenue rose 12.3% year over year to $3.56 billion and topped expectations.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price objective hoisted by Royal Bank Of Canada from $346.00 to $359.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's price objective indicates a potential upside of 16.42% from the stock's previous close.

Several other research analysts have also recently issued reports on APD. Argus raised their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the stock a "buy" rating in a report on Wednesday, September 9th. UBS Group lowered their price target on shares of Air Products and Chemicals from $336.00 to $305.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. Weiss Ratings raised Air Products and Chemicals from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, October 27th. Barclays reduced their price objective on Air Products and Chemicals from $353.00 to $346.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Morgan Stanley set a $320.00 price objective on Air Products and Chemicals in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $334.24.

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded down $1.11 on Friday, reaching $308.38. 314,630 shares of the stock were exchanged, compared to its average volume of 1,262,141. The business has a 50 day moving average price of $294.95 and a two-hundred day moving average price of $290.69. The firm has a market capitalization of $68.67 billion, a price-to-earnings ratio of -1,402.69, a PEG ratio of 3.00 and a beta of 0.67. Air Products and Chemicals has a twelve month low of $229.11 and a twelve month high of $324.00. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 1.01.

Air Products and Chemicals (NYSE:APD - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The basic materials company reported $3.61 earnings per share for the quarter, hitting the consensus estimate of $3.61. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company earned $3.39 EPS. Air Products and Chemicals's quarterly revenue was up 12.3% on a year-over-year basis. Analysts anticipate that Air Products and Chemicals will post 13.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APD. State Street Corp grew its position in Air Products and Chemicals by 277.4% during the second quarter. State Street Corp now owns 38,161,451 shares of the basic materials company's stock valued at $10,597,451,000 after acquiring an additional 28,050,956 shares during the period. BlackRock Inc. bought a new position in Air Products and Chemicals during the 2nd quarter valued at $5,370,093,000. Bank of America Corp DE grew its position in shares of Air Products and Chemicals by 14.3% in the 1st quarter. Bank of America Corp DE now owns 4,443,531 shares of the basic materials company's stock worth $1,290,801,000 after acquiring an additional 556,188 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Air Products and Chemicals by 326.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,348,573 shares of the basic materials company's stock valued at $927,010,000 after buying an additional 2,563,873 shares during the last quarter. Finally, Aristotle Capital Management LLC increased its position in Air Products and Chemicals by 0.5% in the first quarter. Aristotle Capital Management LLC now owns 2,683,883 shares of the basic materials company's stock worth $779,665,000 after buying an additional 14,262 shares during the period. Hedge funds and other institutional investors own 81.66% of the company's stock.

More Air Products and Chemicals News

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Adjusted Q4 EPS of $3.61 met consensus, while revenue rose 12.3% year over year to $3.56 billion, ahead of the $3.33 billion estimate. The company cited higher volumes and pricing, with strong Americas performance. Article: APD Q4 Earnings Beat on Higher Volumes, Sales Top Estimates
• Positive Sentiment: Management forecast fiscal 2027 adjusted EPS of $14.15–$14.50, above fiscal 2026’s $13.45, implying continued earnings growth. It also reported more than $2 billion in new electronics business wins and lower fiscal 2026 capital spending. Article: Air Products Reports Fiscal 2026 Results and Provides Fiscal 2027 Guidance
• Positive Sentiment: Mizuho raised its price target to $360 from $355 and maintained an Outperform rating, adding a favorable analyst view. Article: Mizuho Raises Price Target
• Neutral Sentiment: A separate valuation analysis suggested APD could be about 8% undervalued; this is an estimate, not a company forecast. Article: Air Products Could Be 8% Undervalued Following Annual Results
• Negative Sentiment: Project-exit charges, primarily tied to two China coal-gasification plants, substantially depressed GAAP results: fiscal 2026 GAAP EPS was $2.39 versus adjusted EPS of $13.45. These charges may temper investor confidence despite stronger underlying performance. Article: Fiscal 2026 Results

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global industrial gas and related equipment company serving customers in industries such as refining, chemicals, manufacturing, metals, electronics, food and beverage, healthcare, and energy. The company supplies atmospheric gases, including oxygen, nitrogen and argon, as well as hydrogen, helium, carbon dioxide, specialty gases and other industrial gases.

Air Products produces and distributes gases through pipelines, on-site facilities, bulk deliveries and packaged-gas systems.

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