Royal Bank Of Canada Raises Air Products and Chemicals (NYSE:APD) Price Target to $360.00

Key Points

• Royal Bank of Canada raised Air Products and Chemicals’ price target from $358 to $360 and maintained an “outperform” rating, implying approximately 20.6% upside from the reported share price of $298.58.
• Analyst sentiment remains favorable, with MarketBeat reporting a consensus rating of “Moderate Buy” and an average price target of $332.76; ratings include one Strong Buy, 10 Buys, and six Holds.
• Air Products exceeded quarterly earnings expectations, reporting adjusted EPS of $3.47 versus the $3.34 consensus estimate, while revenue rose 4.6% year over year to $3.16 billion but fell short of estimates.

Air Products and Chemicals (NYSE:APD - Get Free Report) had its price target upped by stock analysts at Royal Bank Of Canada from $358.00 to $360.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the basic materials company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 20.57% from the company's current price.

APD has been the topic of several other reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $320.00 price target on shares of Air Products and Chemicals in a research note on Monday. Wells Fargo & Company raised their target price on Air Products and Chemicals from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. BMO Capital Markets raised Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $360.00 price objective on the stock in a report on Friday, May 1st. Evercore reissued an "outperform" rating and set a $342.00 price objective on shares of Air Products and Chemicals in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Air Products and Chemicals from $310.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $332.76.

Air Products and Chemicals Stock Performance

Shares of NYSE:APD traded up $3.50 during trading on Thursday, hitting $298.58. 216,746 shares of the stock were exchanged, compared to its average volume of 1,350,417. The company has a market capitalization of $66.49 billion, a price-to-earnings ratio of -1,358.24, a price-to-earnings-growth ratio of 2.56 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. Air Products and Chemicals has a 1-year low of $229.11 and a 1-year high of $314.87. The company's fifty day simple moving average is $290.09 and its 200-day simple moving average is $287.42.

Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $3.47 EPS for the quarter, topping the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the business earned $3.09 EPS. Air Products and Chemicals's revenue 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. Sell-side analysts expect that Air Products and Chemicals will post 13.45 EPS for the current fiscal year.

Institutional Trading of Air Products and Chemicals

Hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Air Products and Chemicals by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company's stock valued at $121,909,000 after purchasing an additional 23,760 shares during the period. Assetmark Inc. raised its holdings in shares of Air Products and Chemicals by 4.9% in the 4th quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company's stock valued at $33,582,000 after purchasing an additional 6,342 shares in the last quarter. Castle Rock Wealth Management LLC purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $1,649,000. Cardinal Capital Management Inc. grew its stake in Air Products and Chemicals by 3.4% during the 4th quarter. Cardinal Capital Management Inc. now owns 124,278 shares of the basic materials company's stock worth $30,699,000 after buying an additional 4,045 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Air Products and Chemicals by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company's stock worth $10,007,000 after acquiring an additional 7,485 shares during the period. Institutional investors own 81.66% of the company's stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company's product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source