Bank of America analyst Steve Byrne has revised his outlook on Air Products (APD, Financial), downgrading the company from Neutral to Underperform. The analyst has also reduced the price target for APD from $330 to $282, reflecting concerns about the company's ongoing projects.
Under its new leadership, Air Products has decided to halt some of its projects deemed unsuccessful. However, the firm still has three significant clean hydrogen initiatives underway in NEOM, Louisiana, and Alberta. These projects face uncertainty regarding their return potential, particularly in the context of previous global trade policies from President Trump. These policies could lead to increased capital expenditures and delays, potentially discouraging customers from committing to long-term agreements at favorable prices.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Air Products & Chemicals Inc (APD, Financial) is $337.75 with a high estimate of $375.00 and a low estimate of $280.00. The average target implies an upside of 23.91% from the current price of $272.58. More detailed estimate data can be found on the Air Products & Chemicals Inc (APD) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Air Products & Chemicals Inc's (APD, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Air Products & Chemicals Inc (APD, Financial) in one year is $275.92, suggesting a upside of 1.23% from the current price of $272.58. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Air Products & Chemicals Inc (APD) Summary page.
