Mizuho Cuts Air Products and Chemicals (NYSE:APD) Price Target to $290.00

Air Products and Chemicals (NYSE:APD) had its target price decreased by Mizuho from $300.00 to $290.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Mizuho’s price target points to a potential upside of 17.80% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. The Goldman Sachs Group set a $335.00 price target on shares of Air Products and Chemicals in a research note on Wednesday, October 1st. Argus dropped their price target on Air Products and Chemicals from $317.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $255.00 price objective on Air Products and Chemicals in a research report on Wednesday, December 10th. Wolfe Research restated an “outperform” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a research report on Monday, December 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Air Products and Chemicals in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals has an average rating of “Moderate Buy” and an average target price of $297.80.

Air Products and Chemicals Stock Up 1.6%

Shares of NYSE:APD opened at $246.17 on Thursday. The firm has a fifty day moving average price of $252.93 and a two-hundred day moving average price of $274.48. The company has a market cap of $54.79 billion, a price-to-earnings ratio of -138.30, a PEG ratio of 2.38 and a beta of 0.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. Air Products and Chemicals has a one year low of $229.11 and a one year high of $341.14.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Thursday, November 6th. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.01. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.The company had revenue of $3.13 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 firm’s revenue was down .6% compared to the same quarter last year. 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. Analysts anticipate that Air Products and Chemicals will post 12.69 EPS for the current fiscal year.

Hedge Funds Weigh In On Air Products and Chemicals

Several hedge funds and other institutional investors have recently modified their holdings of the company. Saudi Central Bank bought a new stake in shares of Air Products and Chemicals in the first quarter worth about $26,000. Traub Capital Management LLC bought a new position in Air Products and Chemicals during the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Air Products and Chemicals in the 2nd quarter worth approximately $28,000. Abound Wealth Management grew its position in shares of Air Products and Chemicals by 292.3% in the 3rd quarter. Abound Wealth Management now owns 102 shares of the basic materials company’s stock worth $28,000 after buying an additional 76 shares during the last quarter. Finally, Westside Investment Management Inc. raised its holdings in shares of Air Products and Chemicals by 228.1% during the second quarter. Westside Investment Management Inc. now owns 105 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. 81.66% of the stock is owned by 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.