Air Products and Chemicals (APD) Stock Forecast & Price Target

$300.36

+0.90 (+0.30%)

(As of 09/27/2024 08:50 PM ET)

Air Products and Chemicals - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 16 Analyst Ratings

Sell
1

Hold
6

Buy
9

Based on 16 Wall Street analysts who have issued ratings for Air Products and Chemicals in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 1 has given a sell rating, 6 have given a hold rating, and 9 have given a buy rating for APD.

Consensus Price Target

$296.50
-1.29% Downside

According to the 16 analysts' twelve-month price targets for Air Products and Chemicals, the average price target is $296.50. The highest price target for APD is $340.00, while the lowest price target for APD is $240.00. The average price target represents a forecasted downside of -1.29% from the current price of $300.36.

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APD Analyst Ratings Over Time

Type	Current Forecast 10/1/23 to 9/30/24	1 Month Ago 9/1/23 to 8/31/24	3 Months Ago 7/3/23 to 7/2/24	1 Year Ago 10/1/22 to 10/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$296.50	$297.40	$287.29	$318.33
Forecasted Upside	-1.29% Downside	6.65% Upside	14.49% Upside	12.33% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy

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APD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

APD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Air Products and Chemicals Stock vs. The Competition

Type	Air Products and Chemicals	Basic Materials Companies	S&P 500
Consensus Rating Score	2.50	2.72	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-1.29% Downside	197.96% Upside	6.17% Upside
News Sentiment Rating	Positive News See Recent APD News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$276.00 ➝ $281.00	+2.49%
8/5/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$290.00 ➝ $295.00	+5.86%
8/5/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$300.00 ➝ $323.00	+14.64%
8/5/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$291.00 ➝ $330.00	+17.13%
8/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $340.00	+21.35%
8/2/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$240.00 ➝ $280.00	-0.06%
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7/22/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$310.00 ➝ $280.00	+7.80%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$280.00 ➝ $305.00	+16.72%
6/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$275.00 ➝ $312.00	+11.47%
6/5/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$240.00 ➝ $280.00	+3.59%
5/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$305.00 ➝ $320.00	+33.66%
5/1/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$295.00 ➝ $286.00	+20.93%
3/1/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$279.00	+19.21%
2/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/6/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Harrison Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
11/17/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell	$240.00	-12.28%
9/26/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$300.00 ➝ $310.00	+7.04%
3/13/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
3/7/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line	$295.00 ➝ $305.00	+4.67%
1/12/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$340.00	+8.71%
10/12/2022	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$290.00 ➝ $260.00	+12.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:30 AM ET.

Should I Buy Air Products and Chemicals Stock? APD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 23, 2024. Please send any questions or comments about these Air Products and Chemicals pros and cons to contact@marketbeat.com.

Air Products and Chemicals
Bull Case

Here are some ways that investors could benefit from investing in Air Products and Chemicals, Inc.:

Air Products and Chemicals, Inc. has shown consistent growth in revenue and earnings, with a positive net margin and return on equity, indicating financial stability and profitability.
The company has a strong dividend history, offering a quarterly dividend with a competitive yield, providing investors with a potential source of regular income.
Recent analyst ratings have been positive, with several analysts issuing "buy" ratings and increasing price targets, suggesting confidence in the company's future performance.
Air Products and Chemicals, Inc. has a diversified geographic presence, operating in various regions globally, which can help mitigate risks associated with regional economic fluctuations.
With a market capitalization of $64.91 billion and a relatively low beta of 0.82, the stock of Air Products and Chemicals, Inc. may be considered a stable investment option within the industry.

Air Products and Chemicals
Bear Case

Investors should be bearish about investing in Air Products and Chemicals, Inc. for these reasons:

Despite positive analyst ratings, there have been recent downgrades, indicating some uncertainty or potential risks associated with the company's future performance.
The stock price of Air Products and Chemicals, Inc. has been volatile, reaching a 52-week high of $296.00, which may pose risks for short-term investors.
While the company has a strong dividend payout ratio, investors should consider the sustainability of the dividend in relation to the company's future growth prospects and cash flow.
The PEG ratio of 3.70 suggests that the stock may be overvalued relative to its earnings growth potential, which could impact long-term returns for investors.
Investors should monitor the company's debt-to-equity ratio of 0.77, as higher debt levels can increase financial risk and affect the company's ability to invest in growth opportunities.

APD Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Air Products and Chemicals is $296.50, with a high forecast of $340.00 and a low forecast of $240.00.
: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Air Products and Chemicals in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" APD shares.
: According to analysts, Air Products and Chemicals's stock has a predicted downside of -1.29% based on their 12-month stock forecasts.
: Over the previous 90 days, Air Products and Chemicals's stock had 1 downgrade by analysts.
: Air Products and Chemicals has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Air Products and Chemicals less than other "basic materials" companies. The consensus rating score for Air Products and Chemicals is 2.50 while the average consensus rating score for "basic materials" companies is 2.72. Learn more on how APD compares to other companies.

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This page (NYSE:APD) was last updated on 9/30/2024 by MarketBeat.com Staff

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