Air Products and Chemicals (NYSE:APD) Downgraded to Hold Rating by Wells Fargo & Company

Air Products and Chemicals (NYSE:APD) was downgraded by Wells Fargo & Company from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Mizuho decreased their price target on shares of Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup cut Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their target price for the company from $300.00 to $245.00 in a research note on Monday. The Goldman Sachs Group set a $335.00 price target on Air Products and Chemicals in a report on Wednesday, October 1st. Royal Bank Of Canada cut their price objective on Air Products and Chemicals from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.47.

Air Products and Chemicals Price Performance

Air Products and Chemicals stock opened at $240.06 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $53.43 billion, a P/E ratio of -134.86, a PEG ratio of 2.40 and a beta of 0.86. The business has a 50-day moving average of $252.22 and a 200-day moving average of $274.00. Air Products and Chemicals has a 1 year low of $229.11 and a 1 year high of $341.14.

Air Products and Chemicals (NYSE:APD) last announced 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. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a negative net margin of 3.28% and a positive return on equity of 15.18%. Air Products and Chemicals’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company posted $3.56 EPS. Air Products and Chemicals has set its Q1 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, equities analysts anticipate that Air Products and Chemicals will post 12.69 EPS for the current year.

Institutional Trading of Air Products and Chemicals

A number of institutional investors have recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock worth $945,000 after buying an additional 412 shares during the last quarter. Bison Wealth LLC acquired a new position in Air Products and Chemicals during the fourth quarter valued at approximately $245,000. Wellington Management Group LLP boosted its position in Air Products and Chemicals by 367.0% during the first quarter. Wellington Management Group LLP now owns 40,977 shares of the basic materials company’s stock valued at $12,085,000 after purchasing an additional 32,202 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Air Products and Chemicals by 1.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 326,508 shares of the basic materials company’s stock valued at $96,294,000 after purchasing an additional 4,372 shares in the last quarter. Finally, Summit Financial LLC increased its position in shares of Air Products and Chemicals by 28.7% during the 1st quarter. Summit Financial LLC now owns 4,044 shares of the basic materials company’s stock worth $1,193,000 after purchasing an additional 903 shares during the last quarter. Institutional investors own 81.66% of the company’s stock.

Air Products and Chemicals Company Profile

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.