Air Products and Chemicals (NYSE:APD) Stock Price Target Cut by Citigroup

by · The Markets Daily

Air Products and Chemicals (NYSE:APD – Get Free Report) had its target price decreased by stock analysts at Citigroup from $330.00 to $312.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Citigroup’s target price suggests a potential upside of 11.92% from the stock’s previous close.

A number of other research firms have also recently weighed in on APD. Mizuho lifted their price objective on Air Products and Chemicals from $345.00 to $355.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Argus increased 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $320.00 price target on shares of Air Products and Chemicals in a report on Monday, August 3rd. Evercore reiterated an “outperform” rating and issued a $342.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 10th. Finally, KeyCorp started coverage on shares of Air Products and Chemicals in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has an average rating of “Moderate Buy” and an average price target of $333.56.

Read Our Latest Stock Report on APD

Air Products and Chemicals Stock Performance

Shares of Air Products and Chemicals stock traded down $2.24 on Wednesday, hitting $278.76. 519,060 shares of the company’s stock were exchanged, compared to its average volume of 1,285,297. Air Products and Chemicals has a 1 year low of $229.11 and a 1 year high of $314.87. The company has a 50-day simple moving average of $295.36 and a 200-day simple moving average of $293.30. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market capitalization of $62.08 billion, a PE ratio of -1,264.99, a PEG ratio of 2.63 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a positive return on equity of 16.87% and a negative net margin of 0.38%.Air Products and Chemicals’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.09 EPS. 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. As a group, equities analysts anticipate that Air Products and Chemicals will post 13.46 EPS for the current year.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors have recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. bought a new position in shares of Air Products and Chemicals during the first quarter worth $25,000. Fiduciary Financial Advisors bought a new stake in Air Products and Chemicals in the 2nd quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in Air Products and Chemicals by 318.2% during the first quarter. Cornerstone Planning Group LLC now owns 92 shares of the basic materials company’s stock valued at $28,000 after buying an additional 70 shares during the last quarter. Main Street Group LTD purchased a new position in Air Products and Chemicals during the 1st quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth approximately $35,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

About Air Products and Chemicals

(Get Free Report)

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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