Key Takeaways:
- Air Products and Chemicals (APD, Financial) shares fell 2% premarket due to a downgrade by Bank of America.
- Average analyst price target suggests a 23.91% upside potential.
- Consensus rating indicates an "Outperform" status for APD.
Shares of Air Products and Chemicals (APD) experienced a 2% decline in premarket trading. This drop followed a downgrade by Bank of America, moving the stock to an "Underperform" rating. The downgrade highlights challenges within its clean hydrogen initiatives across key regions, including Saudi Arabia, Louisiana, and Alberta. These difficulties are exacerbated by ongoing global trade tensions and evolving climate policies, impacting the company’s prospects.
Wall Street Analysts Forecast
According to projections by 22 analysts, Air Products & Chemicals Inc (APD) carries an average one-year price target of $337.75. The most optimistic prediction comes in at $375.00 while the most conservative estimate is $280.00. The consensus price target indicates a potential upside of 23.91% from the current market price of $272.58. For a deeper dive into analyst projections, visit the Air Products & Chemicals Inc (APD, Financial) Forecast page.
The aggregated recommendation from 25 brokerage firms suggests that APD is rated at 2.2 on average, signifying an "Outperform" status. The rating system ranges from a "Strong Buy" at 1 to a "Sell" at 5, reflecting a generally optimistic outlook among analysts.
In addition to analyst ratings, GuruFocus estimates the GF Value for Air Products & Chemicals Inc (APD) to reach $275.92 within a year. This estimate presents a modest upside of 1.23% compared to the current price of $272.58. The GF Value is derived from historical trading multiples, business growth history, and future performance expectations. For more insights, visit the Air Products & Chemicals Inc (APD, Financial) Summary page.
