Wells Fargo & Company Lowers Air Products and Chemicals (NYSE:APD) Price Target to $330.00

Air Products and Chemicals (NYSE:APD) had its target price reduced by Wells Fargo & Company from $345.00 to $330.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 27.17% from the stock’s previous close.

APD has been the topic of several other reports. Royal Bank Of Canada decreased their price target on shares of Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Friday. The Goldman Sachs Group set a $335.00 target price on shares of Air Products and Chemicals in a research report on Wednesday, October 1st. Mizuho set a $300.00 price objective on Air Products and Chemicals in a report on Friday. UBS Group lowered their target price on Air Products and Chemicals from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Friday. Finally, Citigroup reduced their price target on Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $315.83.

Air Products and Chemicals Price Performance

Shares of NYSE APD traded up $0.71 during mid-day trading on Friday, reaching $259.50. 1,110,323 shares of the company were exchanged, compared to its average volume of 1,257,063. Air Products and Chemicals has a 52 week low of $235.55 and a 52 week high of $341.14. The company’s 50 day moving average price is $269.64 and its 200 day moving average price is $278.05. The stock has a market capitalization of $57.75 billion, a PE ratio of 37.34, a PEG ratio of 5.16 and a beta of 0.81. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.93.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, November 6th. The basic materials company reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a return on equity of 15.11% and a net margin of 12.86%.The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the business posted $3.56 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS. FY 2026 guidance at 12.850-13.150 EPS. Sell-side analysts forecast that Air Products and Chemicals will post 12.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Air Products and Chemicals

A number of institutional investors have recently modified their holdings of the stock. Syon Capital LLC increased its holdings in shares of Air Products and Chemicals by 4.6% during the third quarter. Syon Capital LLC now owns 2,619 shares of the basic materials company’s stock valued at $714,000 after acquiring an additional 115 shares in the last quarter. Jacobi Capital Management LLC grew its position in Air Products and Chemicals by 5.0% during the 3rd quarter. Jacobi Capital Management LLC now owns 9,571 shares of the basic materials company’s stock valued at $2,610,000 after purchasing an additional 453 shares during the last quarter. First National Bank of Omaha bought a new stake in Air Products and Chemicals during the 3rd quarter valued at about $973,000. Axxcess Wealth Management LLC raised its holdings in Air Products and Chemicals by 18.3% in the third quarter. Axxcess Wealth Management LLC now owns 1,258 shares of the basic materials company’s stock worth $343,000 after buying an additional 195 shares during the last quarter. Finally, NEOS Investment Management LLC raised its holdings in Air Products and Chemicals by 47.2% in the third quarter. NEOS Investment Management LLC now owns 25,242 shares of the basic materials company’s stock worth $6,839,000 after buying an additional 8,091 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other 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.