Bank of America Upgrades Air Products and Chemicals (NYSE:APD) to Neutral

Air Products and Chemicals (NYSE:APD) was upgraded by equities research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a $275.00 price target on the basic materials company’s stock. Bank of America‘s target price would indicate a potential upside of 4.36% from the company’s current price.

A number of other research analysts also recently commented on APD. Wall Street Zen downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research note on Sunday, December 14th. Evercore ISI dropped their price target on shares of Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Air Products and Chemicals in a research note on Tuesday, December 9th. UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and decreased their price target for the company from $310.00 to $250.00 in a report on Thursday, December 11th. Finally, Argus dropped their price objective on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.00.

Air Products and Chemicals Trading Up 0.9%

Shares of APD opened at $263.52 on Thursday. Air Products and Chemicals has a fifty-two week low of $229.11 and a fifty-two week high of $341.14. The company has a market capitalization of $58.66 billion, a PE ratio of -148.04, a price-to-earnings-growth ratio of 2.57 and a beta of 0.87. The stock has a fifty day moving average of $251.49 and a two-hundred day moving average of $271.13. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.20 and a current ratio of 1.38.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.18 billion. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.56 earnings per share. 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. As a group, analysts forecast that Air Products and Chemicals will post 12.69 EPS for the current year.

Institutional Trading of Air Products and Chemicals

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Air Products and Chemicals during the second quarter worth $1,020,081,000. Viking Global Investors LP acquired a new stake in Air Products and Chemicals during the 2nd quarter valued at $607,601,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Air Products and Chemicals by 644.6% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,031,306 shares of the basic materials company’s stock worth $281,258,000 after buying an additional 892,793 shares during the period. Franklin Resources Inc. lifted its holdings in Air Products and Chemicals by 21.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,616,305 shares of the basic materials company’s stock worth $1,258,678,000 after buying an additional 821,524 shares in the last quarter. Finally, Capital International Investors boosted its position in Air Products and Chemicals by 7.4% in the 3rd quarter. Capital International Investors now owns 8,870,013 shares of the basic materials company’s stock valued at $2,419,029,000 after buying an additional 609,489 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 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.