Expert Outlook: Air Products & Chemicals Through The Eyes Of 7 Analysts
Portfolio Pulse from Benzinga Insights
Air Products & Chemicals (NYSE:APD) was analyzed by 7 analysts, showing a mix of ratings but no changes in the last 30 days. The average 12-month price target is now $257.86, down 13.03% from $296.50. Analysts have lowered their price targets, reflecting adjustments to market conditions and company performance. Air Products, a leading industrial gas supplier, reported a revenue decline of -5.58% for the quarter ending December 31, 2023, but has strong profitability indicators like a net margin of 20.33% and ROE of 4.18%.
March 01, 2024 | 8:00 pm
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NEUTRAL IMPACT
Air Products & Chemicals (APD) sees a mixed analyst outlook with a lowered average price target of $257.86, indicating potential pressure on the stock price. However, strong financial health indicators could mitigate negative impacts.
The mixed analyst ratings and lowered price targets suggest uncertainty, potentially leading to short-term pressure on APD's stock price. However, the company's strong financial health, including high net margin and ROE, alongside its market leadership in industrial gases, may provide a counterbalance, stabilizing the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100