Mizuho Issues Positive Forecast for Air Products and Chemicals (NYSE:APD) Stock Price

Air Products and Chemicals (NYSE:APD) had its price target hoisted by Mizuho from $345.00 to $355.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the basic materials company’s stock.

A number of other equities research analysts also recently commented on APD. Weiss Ratings upgraded Air Products and Chemicals from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Evercore reiterated an “outperform” rating and set a $342.00 price target on shares of Air Products and Chemicals in a report on Friday, July 10th. Bank of America raised their price objective on Air Products and Chemicals from $280.00 to $303.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $315.00 target price on shares of Air Products and Chemicals in a research report on Monday, May 4th. Finally, Wells Fargo & Company increased their target price on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.76.

Air Products and Chemicals Stock Down 1.5%

Shares of NYSE APD opened at $295.74 on Friday. The company has a market capitalization of $65.86 billion, a P/E ratio of -1,344.27, a P/E/G ratio of 2.68 and a beta of 0.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 1.21. The company has a 50 day simple moving average of $289.73 and a 200-day simple moving average of $286.69. 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 data on Thursday, July 30th. The basic materials company reported $3.47 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 positive return on equity of 16.87% and a negative net margin of 0.38%.The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.09 earnings per share. 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 predict that Air Products and Chemicals will post 13.44 earnings per share for the current year.

Air Products and Chemicals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Thursday, October 1st will be paid a $1.81 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $7.24 dividend on an annualized basis and a dividend yield of 2.4%. Air Products and Chemicals’s payout ratio is presently 76.61%.

Hedge Funds Weigh In On Air Products and Chemicals

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Air Products and Chemicals by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 486,719 shares of the basic materials company’s stock worth $121,909,000 after acquiring an additional 23,760 shares during the period. Assetmark Inc. boosted its holdings in Air Products and Chemicals by 4.9% in the fourth quarter. Assetmark Inc. now owns 135,947 shares of the basic materials company’s stock valued at $33,582,000 after purchasing an additional 6,342 shares during the period. Castle Rock Wealth Management LLC acquired a new position in Air Products and Chemicals during the 4th quarter worth $1,649,000. Cardinal Capital Management Inc. grew its stake in Air Products and Chemicals by 3.4% during the 4th quarter. Cardinal Capital Management Inc. now owns 124,278 shares of the basic materials company’s stock worth $30,699,000 after purchasing an additional 4,045 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Air Products and Chemicals by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,511 shares of the basic materials company’s stock worth $10,007,000 after purchasing an additional 7,485 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Air Products and Chemicals

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Air Products reported fiscal Q3 adjusted EPS of $3.47, above the roughly $3.34–$3.36 analyst consensus, as higher on-site volumes, pricing and favorable currency effects supported results. Adjusted operating income reached $810 million. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39–$13.49 from its prior outlook and issued fourth-quarter guidance of $3.55–$3.65, both above consensus expectations. UBS lifted its price target to $336 while maintaining a neutral rating, and Mizuho raised its target to $355 with an outperform rating. Air Products Stock Surges After Strong Profit Growth, Raised Guidance
• Neutral Sentiment: Air Products is reducing fiscal 2026 capital expenditures to approximately $3.5 billion and is refocusing its project portfolio after exiting the Louisiana Clean Energy Complex, an Arizona liquid-hydrogen facility and other smaller clean-energy projects. The company also finalized a renewable-ammonia marketing agreement tied to the NEOM Green Hydrogen Project. Air Products Projects Fiscal 2026 EPS While Cutting Capital Expenditures
• Negative Sentiment: Revenue of $3.16 billion missed the $3.20 billion estimate, despite increasing 4.6% year over year. More significantly, GAAP results showed a $6.47 loss per share and a $2.1 billion operating loss, driven by charges related to project and asset actions, creating a major headline risk and likely contributing to the stock’s decline after its initial earnings-related strength. Air Products Swings to Third-Quarter Loss After Project Exits

About Air Products and Chemicals

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.