What 3 Analyst Ratings Have To Say About Air Products & Chemicals
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on Air Products & Chemicals (NYSE:APD) with recent ratings ranging from bullish to bearish. The average 12-month price target is now $245.00, a 13.58% decrease from the previous target. The company, a leading industrial gas supplier, reported a revenue decline of -10.61% for the quarter ending September 30, 2023, but maintains strong profitability indicators such as a net margin of 21.7% and an ROE of 4.87%.

February 06, 2024 | 3:00 pm
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Air Products & Chemicals has received mixed analyst ratings with a revised average 12-month price target of $245.00, reflecting a 13.58% decrease. The company's recent revenue decline contrasts with its strong profitability metrics.
The mixed analyst ratings and the decrease in the average price target suggest uncertainty about APD's short-term stock price direction. However, the company's strong profitability indicators, such as high net margin and ROE, could mitigate negative perceptions, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100