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 $319.56 (represents a -2.54% downside from APD’s last price of $327.89) 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 $319.56 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $375.00 to $243.00. This represents a potential -2.54% downside from APD's last price of $327.89.
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%), 10 'Buy' (58.82%), 7 'Hold' (41.18%), 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 |
|---|---|---|---|---|---|---|
| Nov 18, 2024 | Joshua Spector | UBS | $375.00 | $278.23 | 34.78% | 14.37% |
| Nov 14, 2024 | John McNulty | BMO Capital | $350.00 | $313.80 | 11.54% | 6.74% |
| Oct 07, 2024 | Laurence Alexander | Jefferies | $364.00 | $285.50 | 27.50% | 11.01% |
| Oct 07, 2024 | Stephen Richardson | Evercore ISI | $365.00 | $285.50 | 27.85% | 11.32% |
| Oct 07, 2024 | Patrick Cunningham | Citigroup | $345.00 | $285.50 | 20.84% | 5.22% |
| Aug 05, 2024 | Michael Leithead | Barclays | $295.00 | $281.74 | 4.71% | -10.03% |
| May 01, 2024 | Kevin McCarthy | Vertical Research | $261.00 | $236.34 | 10.43% | -20.40% |
| Aug 08, 2022 | - | Barclays | $295.00 | $262.64 | 12.32% | -10.03% |
| Aug 05, 2022 | - | Deutsche Bank | $290.00 | $260.32 | 11.40% | -11.56% |
| Jul 18, 2022 | - | Wells Fargo | $243.00 | $227.59 | 6.77% | -25.89% |
The latest Air Products and Chemicals stock forecast, released on Nov 18, 2024 by Joshua Spector from UBS, set a price target of $375.00, which represents a 34.78% increase from the stock price at the time of the forecast ($278.23), and a 14.37% increase from APD last price ($327.89).
Air Products and Chemicals Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 7 |
| Avg Price Target | $362.50 | $359.80 | $336.43 |
| Last Closing Price | $327.89 | $327.89 | $327.89 |
| Upside/Downside | 10.56% | 9.73% | 2.60% |
In the current month, the average price target of Air Products and Chemicals stock is $362.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 10.56% increase as opposed to Air Products and Chemicals's last price of $327.89. This month's average price target is up 0.75% compared to last quarter, and up 7.75% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 18, 2024 | UBS | - | Buy | Upgrade |
| Oct 11, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Oct 07, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 07, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 07, 2024 | Needham | Buy | Buy | Hold |
| Oct 07, 2024 | Macquarie | - | Outperform | Upgrade |
| Oct 07, 2024 | Bernstein | - | Market Perform | Downgrade |
| Oct 07, 2024 | Evercore ISI | Hold | Hold | Hold |
| Oct 07, 2024 | Jefferies | Hold | Buy | Upgrade |
| Oct 07, 2024 | Evercore ISI | - | Outperform | Upgrade |
Air Products and Chemicals's last stock rating was published by UBS on Nov 18, 2024. The company Upgrade its APD rating from "null" to "Buy".
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 | $7.81B | $7.64B | $7.47B | $7.30B | $7.13B | $6.97B | $6.82B | $6.66B | $6.51B | $3.53B | $3.32B | $3.25B | $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 | $8.08B | $7.89B | $7.72B | $7.54B | $7.37B | $7.21B | $7.05B | $6.89B | $6.73B | $3.65B | $3.43B | $3.36B | $3.33B | $3.41B | $3.18B | $3.02B | $3.00B | $3.22B | $3.04B | $3.05B | $3.21B | $3.72B | $3.40B | $3.17B | $3.39B | $3.22B | $3.02B | $3.00B | $2.74B | $2.69B |
| Low Forecast | $7.49B | $7.33B | $7.16B | $7.00B | $6.84B | $6.69B | $6.54B | $6.39B | $6.25B | $3.38B | $3.19B | $3.12B | $3.09B | $3.16B | $2.95B | $2.98B | $2.93B | $3.21B | $3.04B | $3.05B | $3.11B | $3.13B | $3.15B | $2.94B | $3.14B | $3.22B | $3.02B | $3.00B | $2.74B | $2.69B |
| # Analysts | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 7 | 3 | 2 | 2 | 4 | 12 | 10 | 10 | 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 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 7 | 3 | 2 | 2 | 4 | 12 | 10 | 10 | 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 | $2.99B | $2.92B | $2.85B | $2.79B | $2.73B | $2.67B | $2.61B | $2.55B | $2.49B | $1.35B | $1.27B | $1.24B | $1.23B | $1.26B | $1.18B | $1.15B | $1.14B | $1.23B | $1.16B | $1.22B | $1.22B | $1.28B | $1.26B | $1.11B | $1.14B | $1.23B | $1.16B | $1.01B | $1.05B | $1.03B |
| High Forecast | $3.09B | $3.02B | $2.95B | $2.88B | $2.82B | $2.76B | $2.69B | $2.63B | $2.57B | $1.39B | $1.31B | $1.29B | $1.27B | $1.30B | $1.22B | $1.16B | $1.15B | $1.23B | $1.16B | $1.46B | $1.23B | $1.42B | $1.30B | $1.33B | $1.36B | $1.23B | $1.16B | $1.21B | $1.05B | $1.03B |
| Low Forecast | $2.86B | $2.80B | $2.74B | $2.68B | $2.62B | $2.56B | $2.50B | $2.44B | $2.39B | $1.29B | $1.22B | $1.19B | $1.18B | $1.21B | $1.13B | $1.14B | $1.12B | $1.23B | $1.16B | $976.09M | $1.19B | $1.20B | $1.21B | $887.36M | $908.49M | $1.23B | $1.16B | $806.69M | $1.05B | $1.03B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.55% | 0.97% | - | 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 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 7 | 3 | 2 | 2 | 4 | 12 | 10 | 10 | 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 | $864.51M | $803.86M | $754.85M | $722.32M | $805.97M | $739.94M | $687.79M | $637.11M | $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 | $1.26B | $1.22B | $1.22B | $1.21B | $1.21B | $1.10B | $1.05B | $989.54M | $966.08M | $902.25M | $838.95M | $787.80M | $753.85M | $841.15M | $772.24M | $719.68M | $661.78M | $776.42M | $675.98M | $760.45M | $677.67M | $702.76M | $678.05M | $691.32M | $736.78M | $614.91M | $581.28M | $628.47M | $557.25M | $555.23M |
| Low Forecast | $1.15B | $1.11B | $1.10B | $1.10B | $1.10B | $994.52M | $949.73M | $897.88M | $876.60M | $818.68M | $761.25M | $714.83M | $684.03M | $763.24M | $700.71M | $637.69M | $625.89M | $773.22M | $675.98M | $506.97M | $648.79M | $682.74M | $615.25M | $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 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 7 | 3 | 2 | 2 | 4 | 12 | 10 | 10 | 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 | $617.24M | $603.36M | $589.79M | $576.53M | $563.56M | $550.89M | $538.50M | $526.40M | $514.56M | $278.64M | $262.52M | $256.96M | $254.60M | $260.65M | $243.24M | $237.96M | $234.95M | $253.93M | $239.79M | $271.16M | $251.36M | $264.43M | $259.76M | $246.51M | $255.06M | $254.36M | $238.81M | $224.10M | $216.34M | $212.42M |
| High Forecast | $637.96M | $623.62M | $609.60M | $595.89M | $582.49M | $569.39M | $556.59M | $544.07M | $531.84M | $288.00M | $271.33M | $265.58M | $263.15M | $269.41M | $251.41M | $238.75M | $237.31M | $254.60M | $239.79M | $325.40M | $253.63M | $294.00M | $268.49M | $295.81M | $306.07M | $254.36M | $238.81M | $268.92M | $216.34M | $212.42M |
| Low Forecast | $592.07M | $578.75M | $565.74M | $553.02M | $540.58M | $528.43M | $516.55M | $504.93M | $493.58M | $267.28M | $251.81M | $246.48M | $244.22M | $250.02M | $233.32M | $235.60M | $231.81M | $253.25M | $239.78M | $216.93M | $246.04M | $247.64M | $249.17M | $197.21M | $204.05M | $254.36M | $238.81M | $179.28M | $216.34M | $212.42M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.88% | - | 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 | 3 | 4 | 5 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 6 | 5 | 2 | 2 | 7 | 7 | 3 | 2 | 2 | 4 | 12 | 10 | 10 | 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 | $3.88 | $3.61 | $3.39 | $3.24 | $3.62 | $3.32 | $3.09 | $2.86 | $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 | $5.67 | $5.49 | $5.46 | $5.45 | $5.44 | $4.92 | $4.70 | $4.44 | $4.34 | $4.05 | $3.77 | $3.54 | $3.38 | $3.78 | $3.47 | $3.23 | $2.97 | $3.48 | $3.03 | $2.70 | $3.04 | $3.15 | $3.04 | $2.76 | $2.82 | $2.76 | $2.61 | $2.36 | $2.50 | $2.49 |
| Low Forecast | $5.15 | $4.98 | $4.96 | $4.94 | $4.93 | $4.46 | $4.26 | $4.03 | $3.93 | $3.67 | $3.42 | $3.21 | $3.07 | $3.43 | $3.15 | $2.86 | $2.81 | $3.47 | $3.03 | $2.70 | $2.91 | $3.06 | $2.76 | $2.51 | $2.56 | $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 |
|---|---|---|---|---|---|
| ALB | Albemarle | $104.03 | $184.55 | 77.40% | Buy |
| PPG | PPG Industries | $123.42 | $160.65 | 30.17% | Buy |
| IFF | International Flavors & Fragrances | $86.61 | $109.46 | 26.38% | Buy |
| LYB | LyondellBasell Industries | $83.20 | $101.65 | 22.18% | Hold |
| EMN | Eastman Chemical Company | $104.01 | $109.61 | 5.38% | Buy |
| ECL | Ecolab | $245.97 | $253.25 | 2.96% | Buy |
| APD | Air Products and Chemicals | $327.89 | $319.56 | -2.54% | Buy |
| LIN | Linde | $448.57 | $426.24 | -4.98% | Buy |
| SHW | Sherwin-Williams Company | $375.35 | $354.89 | -5.45% | Buy |
| RPM | RPM | $136.80 | $123.91 | -9.42% | Hold |