Air Products and Chemicals (NYSE:APD) Price Target Raised to $355.00 at Mizuho

Air Products and Chemicals (NYSE:APD) had its price target raised by equities research analysts at Mizuho from $345.00 to $355.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price target indicates a potential upside of 21.10% from the stock’s current price.

Several other brokerages also recently weighed in on APD. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $358.00 target price on shares of Air Products and Chemicals in a research note on Friday, July 17th. Berenberg Bank set a $350.00 price target on shares of Air Products and Chemicals and gave the stock a “buy” rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Bank of America increased their price objective on shares of Air Products and Chemicals from $280.00 to $303.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $315.00 target price on shares of Air Products and Chemicals in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Air Products and Chemicals presently has a consensus rating of “Moderate Buy” and an average price target of $329.71.

Air Products and Chemicals Price Performance

Shares of NYSE:APD traded down $7.05 during trading on Friday, reaching $293.15. 609,596 shares of the company’s stock traded hands, compared to its average volume of 1,355,423. The company has a quick ratio of 1.21, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. Air Products and Chemicals has a fifty-two week low of $229.11 and a fifty-two week high of $314.87. The company has a 50-day simple moving average of $289.60 and a 200-day simple moving average of $286.63. The firm has a market cap of $65.28 billion, a PE ratio of 31.10, a P/E/G ratio of 2.67 and a beta of 0.73.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a return on equity of 16.11% and a net margin of 16.91%.Air Products and Chemicals’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, analysts predict that Air Products and Chemicals will post 13.22 earnings per share for the current year.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of Air Products and Chemicals by 14.5% in the fourth quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of Air Products and Chemicals in the fourth quarter worth about $245,000. Sei Investments Co. boosted its position in Air Products and Chemicals by 197.6% during the second quarter. Sei Investments Co. now owns 281,861 shares of the basic materials company’s stock worth $79,498,000 after acquiring an additional 187,142 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in Air Products and Chemicals by 2.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,777 shares of the basic materials company’s stock valued at $29,271,000 after acquiring an additional 2,171 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Air Products and Chemicals by 52.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 6,474 shares of the basic materials company’s stock valued at $1,873,000 after acquiring an additional 2,229 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Key Headlines Impacting Air Products and Chemicals

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

• Positive Sentiment: Adjusted earnings and guidance exceeded expectations. Adjusted EPS was $3.47, above the $3.34 consensus and up from $3.09 a year earlier. Air Products raised fiscal 2026 adjusted EPS guidance to $13.39-$13.49, above the $13.22 analyst consensus, and forecast fourth-quarter EPS of $3.55-$3.65 versus expectations of $3.52. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Underlying operating trends improved. Higher on-site volumes, pricing and favorable currency contributed to the earnings beat, while adjusted operating income reached $810 million. Revenue increased 4.6% year over year to $3.16 billion. APD Q3 Earnings Beat on Volume Growth, Sales Miss Estimates
• Positive Sentiment: Air Products announced a long-term Taiwan electronics agreement covering four air-separation units, bulk-gas systems and underground pipelines, potentially strengthening growth in semiconductor-related demand. It also finalized a renewable-ammonia marketing agreement with Yara for the NEOM Green Hydrogen Project. Air Products Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management expects fiscal 2026 capital expenditures of approximately $3.5 billion, down from the previously incurred $2.9 billion Louisiana-related charge and earlier investment plans. The lower spending could improve capital discipline but may also signal slower project expansion.
• Negative Sentiment: GAAP results were severely affected by project exits. The company reported a $6.47 per-share loss and a $2.1 billion operating loss, versus a profit in the prior-year quarter, after deciding not to proceed with the Louisiana Clean Energy Complex and discontinuing an Arizona zero-carbon liquid-hydrogen facility and other clean-energy projects. Air Products Swings to 3Q Loss After Project Exits
• Negative Sentiment: Quarterly revenue of $3.16 billion narrowly missed the $3.20 billion consensus, limiting the impact of the earnings beat and raising questions about demand growth despite favorable pricing and volumes.

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.