Air Products and Chemicals (NYSE:APD) Stock Rating Upgraded by Barclays

Air Products and Chemicals (NYSE:APD) was upgraded by equities research analysts at Barclays to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

Several other research firms also recently issued reports on APD. Royal Bank Of Canada increased their price objective on shares of Air Products and Chemicals from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Argus raised their price target on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Citigroup lowered their price objective on Air Products and Chemicals from $330.00 to $312.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $320.00 price objective on shares of Air Products and Chemicals in a report on Monday, August 3rd. Finally, Evercore reiterated 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. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $334.71.

Air Products and Chemicals Trading Up 1.2%

Shares of APD stock opened at $292.42 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market cap of $65.12 billion, a price-to-earnings ratio of -1,329.18, a PEG ratio of 2.72 and a beta of 0.76. The stock has a 50 day simple moving average of $293.95 and a 200-day simple moving average of $293.21. Air Products and Chemicals has a 1-year low of $229.11 and a 1-year high of $314.87.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.13. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, equities research analysts expect that Air Products and Chemicals will post 13.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Products and Chemicals

A number of hedge funds have recently modified their holdings of APD. S&CO Inc. acquired a new stake in Air Products and Chemicals in the second quarter valued at $27,733,000. Neville Rodie & Shaw Inc. raised its stake in shares of Air Products and Chemicals by 1,457.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 28,806 shares of the basic materials company’s stock worth $7,851,000 after buying an additional 26,956 shares during the last quarter. Park National Corp OH raised its stake in shares of Air Products and Chemicals by 66.7% during the 3rd quarter. Park National Corp OH now owns 24,538 shares of the basic materials company’s stock worth $6,761,000 after buying an additional 9,817 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Air Products and Chemicals by 26.7% in the 1st quarter. NewEdge Advisors LLC now owns 57,052 shares of the basic materials company’s stock worth $16,573,000 after buying an additional 12,020 shares in the last quarter. Finally, Rockland Trust Co. grew its stake in Air Products and Chemicals by 7.0% in the 2nd quarter. Rockland Trust Co. now owns 65,322 shares of the basic materials company’s stock valued at $19,151,000 after acquiring an additional 4,279 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Air Products and Chemicals Company Profile

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.