New Facility Announcement: Air Products has launched a new air separation facility in Cleveland, Ohio, which is now operational and supplying gaseous oxygen, nitrogen, and liquid argon to both onsite and regional customers.
Company Background: With over 80 years in the industrial gases sector, Air Products is a leading supplier focused on energy and environmental markets, reporting fiscal 2024 sales of $12.1 billion and operating in approximately 50 countries.
APD
$247+Infinity%1D
Analyst Views on APD
Wall Street analysts forecast APD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APD is 310.71 USD with a low forecast of 260.00 USD and a high forecast of 375.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast APD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APD is 310.71 USD with a low forecast of 260.00 USD and a high forecast of 375.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
3 Hold
1 Sell
Moderate Buy
Current: 242.250
Low
260.00
Averages
310.71
High
375.00
Current: 242.250
Low
260.00
Averages
310.71
High
375.00
Citi
Buy
to
Neutral
downgrade
$300 -> $245
2025-12-15
New
Reason
Citi
Price Target
$300 -> $245
2025-12-15
New
downgrade
Buy
to
Neutral
Reason
Citi downgraded Air Products to Neutral from Buy with a price target of $245, down from $300. The firm believes the company's options for Darrow will include higher spending. Citi believes Air Products' risk profile and cash flow "overhang" warrant a de-rating of the shares.
Argus
Buy
downgrade
$317 -> $265
2025-12-11
Reason
Argus
Price Target
$317 -> $265
2025-12-11
downgrade
Buy
Reason
Argus lowered the firm's price target on Air Products to $265 from $317 but keeps a Buy rating on the shares. The company is a well-managed and financially strong competitor in its industry, and while the near-term environment has been challenging with industrial demand weakness and high input costs, conditions are expected to improve through the next year, the analyst tells investors in a research note. Argus adds it is seeing signs of resilience with sales and EBITDA improvements even in a challenging macro environment.
UBS
Buy -> Neutral
downgrade
$310 -> $250
2025-12-11
Reason
UBS
Price Target
$310 -> $250
2025-12-11
downgrade
Buy -> Neutral
Reason
UBS downgraded Air Products to Neutral from Buy with a price target of $250, down from $310.
UBS
Buy -> Neutral
downgrade
$310 -> $250
2025-12-11
Reason
UBS
Price Target
$310 -> $250
2025-12-11
downgrade
Buy -> Neutral
Reason
As previously reported, UBS downgraded Air Products to Neutral from Buy with a price target of $250, down from $310. While the firm thinks the 9% move lower in shares since the company's Louisiana and NEOM project updates "could be overdone," it now believes medium-term adjusted EPS growth could be lower than its prior estimates and that improvement in free cash flow could take longer than the firm initially expected, the analyst tells investors.
About APD
Air Products and Chemicals, Inc. is an industrial gases company. The Company is focused on serving energy, environmental, and emerging markets. Its base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates clean hydrogen projects supporting the transition to low- and zero-carbon energy in the heavy-duty transportation and industrial sectors. In addition, the Company provides turbomachinery, membrane systems and cryogenic containers globally. The Company has operations in approximately 50 countries. Its industries include aerospace, analytical labs & research/science, automotive, beverages, bioenergy, biotechnology, cement and lime, chemicals, electronics, food, glass and frit, hydrogen energy, medical, metals and materials processing, metals production, medical and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
