Air Products and Chemicals (APD) Stock Forecast, Price Target & Predictions
APD Stock Forecast
Air Products and Chemicals stock forecast is as follows: an average price target of $354.14 (represents a 20.05% upside from APD’s last price of $294.99) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
APD Price Target
The average price target for Air Products and Chemicals (APD) is $354.14 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $385.00 to $295.00. This represents a potential 20.05% upside from APD's last price of $294.99.
APD Analyst Ratings
According to 17 Wall Street analysts, Air Products and Chemicals's rating consensus is 'Buy'. The analyst rating breakdown for APD stock is 0 'Strong Buy' (0.00%), 11 'Buy' (64.71%), 6 'Hold' (35.29%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Air Products and Chemicals Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Dec 02, 2024 | John Roberts | Mizuho Securities | $385.00 | $333.37 | 15.49% | 30.51% |
| Nov 18, 2024 | Joshua Spector | UBS | $375.00 | $278.23 | 34.78% | 27.12% |
| Nov 14, 2024 | John McNulty | BMO Capital | $350.00 | $313.80 | 11.54% | 18.65% |
| Oct 07, 2024 | Laurence Alexander | Jefferies | $364.00 | $285.50 | 27.50% | 23.39% |
| Oct 07, 2024 | Stephen Richardson | Evercore ISI | $365.00 | $285.50 | 27.85% | 23.73% |
| Oct 07, 2024 | Patrick Cunningham | Citigroup | $345.00 | $285.50 | 20.84% | 16.95% |
| Aug 05, 2024 | Michael Leithead | Barclays | $295.00 | $281.74 | 4.71% | 0.00% |
| May 01, 2024 | Kevin McCarthy | Vertical Research | $261.00 | $236.34 | 10.43% | -11.52% |
| Aug 08, 2022 | Barclays | $295.00 | $262.64 | 12.32% | 0.00% | |
| Aug 05, 2022 | Deutsche Bank | $290.00 | $260.32 | 11.40% | -1.69% | |
| Jul 18, 2022 | Wells Fargo | $243.00 | $227.59 | 6.77% | -17.62% | |
| Jul 07, 2022 | Mizuho Securities | $286.00 | $238.06 | 20.14% | -3.05% | |
| Jun 16, 2022 | Jefferies | $257.00 | $239.29 | 7.40% | -12.88% | |
| Jan 04, 2022 | Kevin McCarthy | Vertical Research | $335.00 | $297.50 | 12.61% | 13.56% |
| Dec 09, 2021 | Josh Silverstein | Wolfe Research | $331.00 | $289.87 | 14.19% | 12.21% |
| Dec 07, 2021 | Stephen Richardson | Evercore ISI | $330.00 | $292.58 | 12.79% | 11.87% |
| Nov 10, 2021 | Anthony Manning | Berenberg Bank | $320.00 | $310.72 | 2.99% | 8.48% |
| Jun 22, 2021 | Peter Clark | Societe Generale | $334.00 | $291.42 | 14.61% | 13.22% |
| Jun 11, 2021 | Sandy Klugman | Susquehanna | $350.00 | $293.80 | 19.13% | 18.65% |
| Jun 03, 2021 | Sriharsha Pappu | HSBC | $269.00 | $297.38 | -9.54% | -8.81% |
| May 12, 2021 | Vincent Andrews | Morgan Stanley | $335.00 | $286.68 | 16.86% | 13.56% |
The latest Air Products and Chemicals stock forecast, released on Dec 02, 2024 by John Roberts from Mizuho Securities, set a price target of $385.00, which represents a 15.49% increase from the stock price at the time of the forecast ($333.37), and a 30.51% increase from APD last price ($294.99).
Air Products and Chemicals Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 6 | 8 |
| Avg Price Target | $380.00 | $364.00 | $342.50 |
| Last Closing Price | $294.99 | $294.99 | $294.99 |
| Upside/Downside | 28.82% | 23.39% | 16.11% |
In the current month, the average price target of Air Products and Chemicals stock is $380.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 28.82% increase as opposed to Air Products and Chemicals's last price of $294.99. This month's average price target is up 4.40% compared to last quarter, and up 10.95% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 17, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Nov 18, 2024 | UBS | Buy | Upgrade | |
| Nov 14, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 11, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Oct 07, 2024 | Bernstein | Market Perform | Downgrade | |
| Oct 07, 2024 | Needham | Buy | Buy | Hold |
| Oct 07, 2024 | Macquarie | Outperform | Upgrade | |
| Oct 07, 2024 | Evercore ISI | Hold | Hold | Hold |
| Oct 07, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 07, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 07, 2024 | Jefferies | Hold | Buy | Upgrade |
| Oct 07, 2024 | Evercore ISI | Outperform | Upgrade | |
| Oct 07, 2024 | Vertical Research | Hold | Buy | Upgrade |
| Oct 07, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 05, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 05, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 22, 2024 | Deutsche Bank | Buy | Hold | Downgrade |
| Jul 12, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 11, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Jun 10, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Jun 10, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jun 05, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| May 31, 2024 | BMO Capital | Outperform | Outperform | Hold |
| May 01, 2024 | Vertical Research | Hold | Downgrade | |
| Jan 11, 2023 | Morgan Stanley | Equal-Weight | Downgrade | |
| Oct 13, 2022 | Seaport Global | Buy | Upgrade | |
| Aug 15, 2022 | BMO Capital | Outperform | Upgrade | |
| Aug 08, 2022 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 05, 2022 | Deutsche Bank | Buy | Buy | Hold |
| Jul 18, 2022 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jun 16, 2022 | Jefferies | Hold | Hold | Hold |
| May 25, 2022 | Atlantic Equities | Overweight | Upgrade | |
| Apr 26, 2022 | J.P. Morgan | Overweight | Upgrade |
Air Products and Chemicals's last stock rating was published by Evercore ISI on Dec 17, 2024. The company gave APD a "Outperform" rating, the same as its previous rate.
Air Products and Chemicals Financial Forecast
Air Products and Chemicals Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.07B | $3.19B | - | $3.20B | $3.17B | $3.57B | $3.19B | $2.95B | $2.99B | $2.84B |
| Avg Forecast | $4.55B | $4.45B | $4.36B | $4.27B | $4.18B | $4.09B | $4.01B | $3.93B | $3.85B | $3.51B | $3.31B | $3.24B | $3.22B | $3.30B | $3.08B | $3.01B | $2.97B | $3.21B | $3.04B | $3.05B | $3.18B | $3.35B | $3.29B | $3.07B | $3.28B | $3.22B | $3.02B | $3.00B | $2.74B | $2.69B |
| High Forecast | $4.67B | $4.57B | $4.48B | $4.38B | $4.29B | $4.20B | $4.12B | $4.03B | $3.95B | $3.60B | $3.40B | $3.32B | $3.30B | $3.38B | $3.16B | $3.02B | $3.00B | $3.22B | $3.04B | $3.05B | $3.21B | $3.72B | $3.38B | $3.15B | $3.37B | $3.22B | $3.02B | $3.00B | $2.74B | $2.69B |
| Low Forecast | $4.33B | $4.24B | $4.15B | $4.07B | $3.98B | $3.90B | $3.82B | $3.74B | $3.66B | $3.34B | $3.15B | $3.08B | $3.06B | $3.14B | $2.93B | $2.98B | $2.93B | $3.21B | $3.04B | $3.05B | $3.11B | $3.13B | $3.13B | $2.92B | $3.12B | $3.22B | $3.02B | $3.00B | $2.74B | $2.69B |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 2 | 2 | 4 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.59% | 0.95% | - | 1.04% | 0.97% | 1.11% | 1.06% | 0.98% | 1.09% | 1.06% |
Air Products and Chemicals's average Quarter revenue forecast for Mar 24 based on 2 analysts is $3.05B, with a low forecast of $3.05B, and a high forecast of $3.05B. APD's average Quarter revenue forecast represents a -39.88% decrease compared to the company's last Quarter revenue of $5.07B (Dec 23).
Air Products and Chemicals EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 2 | 2 | 4 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $666.90M | $1.25B | - | $1.14B | $1.08B | $817.20M | $1.09B | $1.03B | $1.04B | $1.10B |
| Avg Forecast | $1.72B | $1.69B | $1.65B | $1.62B | $1.59B | $1.55B | $1.52B | $1.49B | $1.46B | $1.33B | $1.26B | $1.23B | $1.22B | $1.25B | $1.17B | $1.14B | $1.13B | $1.22B | $1.15B | $1.22B | $1.21B | $1.27B | $1.25B | $1.11B | $1.14B | $1.23B | $1.16B | $1.01B | $1.05B | $1.03B |
| High Forecast | $1.77B | $1.73B | $1.70B | $1.66B | $1.63B | $1.60B | $1.56B | $1.53B | $1.50B | $1.37B | $1.29B | $1.26B | $1.25B | $1.28B | $1.20B | $1.14B | $1.14B | $1.22B | $1.15B | $1.46B | $1.22B | $1.41B | $1.28B | $1.33B | $1.36B | $1.23B | $1.16B | $1.21B | $1.05B | $1.03B |
| Low Forecast | $1.64B | $1.61B | $1.58B | $1.54B | $1.51B | $1.48B | $1.45B | $1.42B | $1.39B | $1.27B | $1.20B | $1.17B | $1.16B | $1.19B | $1.11B | $1.13B | $1.11B | $1.22B | $1.15B | $976.09M | $1.18B | $1.19B | $1.19B | $887.36M | $908.49M | $1.23B | $1.16B | $806.69M | $1.05B | $1.03B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | 0.98% | - | 1.03% | 0.95% | 0.66% | 0.94% | 1.02% | 0.99% | 1.07% |
2 analysts predict APD's average Quarter EBITDA for Mar 24 to be $1.22B, with a high of $1.46B and a low of $976.09M. This is 82.95% upper than Air Products and Chemicals's previous annual EBITDA (Dec 23) of $666.90M.
Air Products and Chemicals Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 2 | 2 | 4 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $609.30M | $692.60M | - | $439.80M | $572.20M | $583.10M | $582.10M | $530.50M | $549.60M | $610.40M |
| Avg Forecast | $1.21B | $1.17B | $1.17B | $1.16B | $1.16B | $1.05B | $1.00B | $948.15M | $925.67M | $873.23M | $812.86M | $762.86M | $725.74M | $808.44M | $740.23M | $685.23M | $634.59M | $774.82M | $675.98M | $633.71M | $664.34M | $693.86M | $649.69M | $576.10M | $613.98M | $614.91M | $581.28M | $523.73M | $557.25M | $555.23M |
| High Forecast | $1.25B | $1.21B | $1.21B | $1.20B | $1.20B | $1.09B | $1.04B | $980.94M | $957.68M | $903.43M | $840.97M | $789.25M | $750.84M | $836.40M | $765.83M | $716.99M | $659.16M | $776.42M | $675.98M | $760.45M | $677.67M | $702.76M | $672.16M | $691.32M | $736.78M | $614.91M | $581.28M | $628.47M | $557.25M | $555.23M |
| Low Forecast | $1.14B | $1.10B | $1.09B | $1.09B | $1.09B | $985.33M | $940.95M | $889.59M | $868.50M | $819.30M | $762.66M | $715.75M | $680.92M | $758.51M | $694.52M | $635.31M | $623.41M | $773.22M | $675.98M | $506.97M | $648.79M | $682.74M | $609.57M | $460.88M | $491.19M | $614.91M | $581.28M | $418.98M | $557.25M | $555.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.00% | - | 0.76% | 0.93% | 0.95% | 1.00% | 1.01% | 0.99% | 1.10% |
Air Products and Chemicals's average Quarter net income forecast for Mar 24 is $633.71M, with a range of $506.97M to $760.45M. APD's average Quarter net income forecast represents a 4.01% increase compared to the company's last Quarter net income of $609.30M (Dec 23).
Air Products and Chemicals SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 2 | 2 | 4 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $238.40M | $232.70M | - | $251.20M | $234.40M | $223.90M | $216.90M | $227.00M | $232.80M | $202.10M |
| Avg Forecast | $353.44M | $346.14M | $338.99M | $331.99M | $325.13M | $318.41M | $311.84M | $305.39M | $299.08M | $272.92M | $257.41M | $251.61M | $250.05M | $256.29M | $239.16M | $233.76M | $230.95M | $249.93M | $236.01M | $271.16M | $247.40M | $260.27M | $255.68M | $246.51M | $255.06M | $254.36M | $238.81M | $224.10M | $216.34M | $212.42M |
| High Forecast | $362.85M | $355.35M | $348.01M | $340.82M | $333.78M | $326.88M | $320.13M | $313.52M | $307.04M | $280.18M | $264.26M | $258.31M | $256.70M | $263.11M | $245.53M | $234.54M | $233.26M | $250.59M | $236.02M | $325.40M | $249.65M | $289.38M | $262.48M | $295.81M | $306.07M | $254.36M | $238.81M | $268.92M | $216.34M | $212.42M |
| Low Forecast | $336.65M | $329.70M | $322.89M | $316.22M | $309.68M | $303.29M | $297.02M | $290.88M | $284.88M | $259.95M | $245.18M | $239.66M | $238.17M | $244.12M | $227.80M | $231.44M | $227.86M | $249.27M | $236.01M | $216.93M | $242.17M | $243.75M | $243.53M | $197.21M | $204.05M | $254.36M | $238.81M | $179.28M | $216.34M | $212.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 0.89% | - | 1.02% | 0.92% | 0.88% | 0.91% | 1.01% | 1.08% | 0.95% |
Air Products and Chemicals's average Quarter SG&A projection for Mar 24 is $271.16M, based on 2 Wall Street analysts, with a range of $216.93M to $325.40M. The forecast indicates a 13.74% rise compared to APD last annual SG&A of $238.40M (Dec 23).
Air Products and Chemicals EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 2 | 2 | 4 | 12 | 9 | 9 | 5 | 5 | 5 | 5 | 6 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.74 | $3.11 | - | $1.98 | $2.58 | $2.63 | $2.62 | $2.39 | $2.48 | $2.75 |
| Avg Forecast | $5.43 | $5.26 | $5.24 | $5.22 | $5.21 | $4.71 | $4.50 | $4.26 | $4.15 | $3.92 | $3.65 | $3.42 | $3.26 | $3.63 | $3.32 | $3.08 | $2.85 | $3.48 | $3.03 | $2.70 | $2.98 | $3.11 | $2.92 | $2.65 | $2.70 | $2.76 | $2.61 | $2.36 | $2.50 | $2.49 |
| High Forecast | $5.62 | $5.44 | $5.42 | $5.40 | $5.39 | $4.88 | $4.66 | $4.40 | $4.30 | $4.05 | $3.77 | $3.54 | $3.37 | $3.75 | $3.44 | $3.22 | $2.96 | $3.48 | $3.03 | $2.70 | $3.04 | $3.15 | $3.02 | $2.74 | $2.80 | $2.76 | $2.61 | $2.36 | $2.50 | $2.49 |
| Low Forecast | $5.10 | $4.93 | $4.91 | $4.90 | $4.89 | $4.42 | $4.22 | $3.99 | $3.90 | $3.68 | $3.42 | $3.21 | $3.06 | $3.40 | $3.12 | $2.85 | $2.80 | $3.47 | $3.03 | $2.70 | $2.91 | $3.06 | $2.74 | $2.48 | $2.54 | $2.76 | $2.61 | $2.36 | $2.50 | $2.49 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.00% | - | 0.75% | 0.95% | 0.95% | 1.00% | 1.01% | 0.99% | 1.10% |
According to 2 Wall Street analysts, Air Products and Chemicals's projected average Quarter EPS for Mar 24 is $2.70, with a low estimate of $2.70 and a high estimate of $2.70. This represents a -1.55% decrease compared to APD previous annual EPS of $2.74 (Dec 23).
Air Products and Chemicals Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| LYB | LyondellBasell Industries | $75.44 | $100.33 | 32.99% | Hold |
| IFF | International Flavors & Fragrances | $86.77 | $113.17 | 30.43% | Buy |
| EMN | Eastman Chemical Company | $95.35 | $119.50 | 25.33% | Buy |
| PPG | PPG Industries | $122.06 | $147.88 | 21.15% | Buy |
| ALB | Albemarle | $97.55 | $116.67 | 19.60% | Buy |
| LIN | Linde | $430.20 | $505.14 | 17.42% | Buy |
| APD | Air Products and Chemicals | $304.71 | $354.14 | 16.22% | Buy |
| ECL | Ecolab | $246.17 | $282.83 | 14.89% | Buy |
| SHW | Sherwin-Williams Company | $362.79 | $388.30 | 7.03% | Buy |
| RPM | RPM | $131.42 | $130.13 | -0.98% | Buy |