Royal Bank Of Canada Has Lowered Expectations for Air Products and Chemicals (NYSE:APD) Stock Price

Key Points

• Royal Bank of Canada lowered Air Products and Chemicals’ price target from $360 to $346 while maintaining an “outperform” rating, implying 17.25% upside from the prior close.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average target price of $333.88, despite some firms maintaining hold or sector-weight ratings.
• Air Products exceeded quarterly EPS expectations ($3.47 versus $3.34) and reported 4.6% year-over-year revenue growth, while institutional investors own approximately 81.66% of the company.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price objective reduced by stock analysts at Royal Bank Of Canada from $360.00 to $346.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's price target would indicate a potential upside of 17.25% from the company's previous close.

Several other equities research analysts also recently issued reports on APD. Mizuho raised their target price on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Sanford C. Bernstein reissued an "outperform" rating and set a $373.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 31st. Wells Fargo & Company upped their price objective on Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a research report on Monday, August 3rd. Finally, KeyCorp started coverage on Air Products and Chemicals in a research report on Thursday, September 10th. They issued a "sector weight" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $333.88.

Air Products and Chemicals Stock Performance

NYSE APD traded up $2.56 on Thursday, hitting $295.10. 55,922 shares of the stock were exchanged, compared to its average volume of 1,269,573. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The business's fifty day moving average is $293.95 and its 200 day moving average is $293.21. Air Products and Chemicals has a 52 week low of $229.11 and a 52 week high of $314.87. The company has a market capitalization of $65.71 billion, a PE ratio of -1,340.93, a P/E/G ratio of 2.72 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, beating analysts' consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter last year, the company posted $3.09 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. Research analysts anticipate that Air Products and Chemicals will post 13.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors have recently made changes to their positions in the company. State Street Corp boosted 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 last quarter. BlackRock Inc. bought a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $5,370,093,000. Bank of America Corp DE bought a new position in shares of Air Products and Chemicals in the 2nd quarter worth about $1,216,976,000. Envestnet Asset Management Inc. lifted its stake in shares of Air Products and Chemicals by 326.7% in 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 purchasing an additional 2,563,873 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Air Products and Chemicals in the 2nd quarter valued at about $495,201,000. Institutional investors own 81.66% of the company's stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global industrial gases and related equipment company headquartered in Allentown, Pennsylvania. The company supplies atmospheric gases such as oxygen, nitrogen and argon, as well as process and specialty gases including hydrogen, helium, carbon dioxide and syngas.

Air Products serves customers in a range of industries, including refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings include gases delivered through pipelines, bulk and packaged distribution, and on-site production systems, along with gas-processing equipment and technologies used in applications such as hydrogen production, natural gas liquefaction and carbon capture.

Founded in 1940, Air Products operates across North America, Europe, the Middle East, Asia and other international markets.

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