Citigroup Lowers Air Products and Chemicals (NYSE:APD) Price Target to $308.00

Key Points

• Citigroup has reduced its price target for Air Products and Chemicals from $325.00 to $308.00, while maintaining a "buy" rating for the stock, indicating a potential upside of 12.86% based on its current price.
• In contrast, Wells Fargo and UBS Group have raised their target prices for the stock, reflecting varying analyst opinions with a consensus target of approximately $334.31.
• Recent quarterly results showed Air Products and Chemicals beat earnings estimates, reporting $3.09 EPS compared to a forecast of $2.99, contributing to a revenue of $3.02 billion for the quarter.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price objective dropped by equities research analysts at Citigroup from $325.00 to $308.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the basic materials company's stock. Citigroup's price objective suggests a potential upside of 12.86% from the stock's current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company boosted their target price on Air Products and Chemicals from $320.00 to $345.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Air Products and Chemicals in a research report on Saturday, September 27th. UBS Group increased their price target on Air Products and Chemicals from $328.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. Mizuho increased their price target on Air Products and Chemicals from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded Air Products and Chemicals from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of "Moderate Buy" and a consensus price target of $334.31.

Air Products and Chemicals Price Performance

NYSE APD traded up $1.43 during trading on Monday, hitting $272.90. 197,994 shares of the company's stock were exchanged, compared to its average volume of 1,242,429. The stock's 50 day moving average price is $287.22 and its two-hundred day moving average price is $281.61. Air Products and Chemicals has a fifty-two week low of $243.69 and a fifty-two week high of $341.14. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. The company has a market cap of $60.73 billion, a PE ratio of 39.27, a P/E/G ratio of 5.65 and a beta of 0.83.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.10. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The firm had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same period in the prior year, the business earned $3.20 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. Air Products and Chemicals has set its FY 2025 guidance at 11.900-12.100 EPS. Q4 2025 guidance at 3.270-3.470 EPS. Research analysts expect that Air Products and Chemicals will post 12.69 EPS for the current year.

Insiders Place Their Bets

In other Air Products and Chemicals news, VP Victoria Brifo sold 1,359 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $292.38, for a total value of $397,344.42. Following the completion of the sale, the vice president owned 8,686 shares in the company, valued at $2,539,612.68. This represents a 13.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wayfinding Financial LLC acquired a new position in shares of Air Products and Chemicals in the first quarter valued at approximately $25,000. Saudi Central Bank bought a new position in shares of Air Products and Chemicals during the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in shares of Air Products and Chemicals in the 1st quarter worth about $27,000. Traub Capital Management LLC purchased a new stake in Air Products and Chemicals during the second quarter valued at about $28,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Air Products and Chemicals during the second quarter valued at about $28,000. 81.66% of the stock is owned by institutional investors.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

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