10 analysts have expressed a variety of opinions on Air Products & Chemicals APD over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 2 | 3 | 0 | 0 |
| Last 30D | 2 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 2 | 3 | 0 | 0 |
Analysts have set 12-month price targets for Air Products & Chemicals, revealing an average target of $265.6, a high estimate of $295.00, and a low estimate of $240.00. Experiencing a 8.73% decline, the current average is now lower than the previous average price target of $291.00.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of Air Products & Chemicals by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Christopher Parkinson | Mizuho | Lowers | Buy | $286.00 | $295.00 |
| Patrick Cunningham | Citigroup | Lowers | Buy | $280.00 | $285.00 |
| Patrick Cunningham | Citigroup | Raises | Buy | $285.00 | $260.00 |
| Steve Byrne | B of A Securities | Announces | Buy | $264.00 | - |
| Joshua Spector | UBS | Lowers | Neutral | $241.00 | $328.00 |
| Vincent Andrews | Morgan Stanley | Lowers | Equal-Weight | $240.00 | $285.00 |
| Christopher Parkinson | Mizuho | Lowers | Buy | $295.00 | $304.00 |
| Jeffrey Zekauskas | JP Morgan | Lowers | Overweight | $270.00 | $295.00 |
| John McNulty | BMO Capital | Lowers | Outperform | $250.00 | $307.00 |
| Michael Leithead | Barclays | Lowers | Equal-Weight | $245.00 | $260.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Air Products & Chemicals. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Air Products & Chemicals compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Air Products & Chemicals's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Air Products & Chemicals's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Air Products & Chemicals analyst ratings.
Unveiling the Story Behind Air Products & Chemicals
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.
Air Products & Chemicals: Delving into Financials
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Air Products & Chemicals's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -5.58%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: Air Products & Chemicals's net margin excels beyond industry benchmarks, reaching 20.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Air Products & Chemicals's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.18% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Air Products & Chemicals's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.84%, the company showcases efficient use of assets and strong financial health.
Debt Management: Air Products & Chemicals's debt-to-equity ratio is below the industry average at 0.86, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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