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Air Products and Chemicals, Inc.

APD · NYSE

Market open$296.23$-1.06 (-0.36%)

Key statistics

Previous close$297.29
Open$298.33
Day high$304.54
Day low$295.12
52-week high$314.87
52-week low$229.11
Market cap65.96B
Volume510.98K
Average volume1.28M
P/E ratio23.07
Forward P/E13.72
EPS12.84
Dividend yield+2.44%

Market context

Why it moved

APD shares rose on continued positive technical momentum, supported by buy signals from both short- and long-term moving averages and increased trading volume, following activist investor Mantle Ridge LP's push to shake up management alongside former top Linde executives joining the effort.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Air Products and Chemicals edged lower, underperforming the broader market amid a risk-off session driven by escalating U.S.-Iran geopolitical tensions, Netflix's disappointing guidance, and a broader rotation out of risk assets. Investor focus is squarely on the upcoming Q3 fiscal 2026 earnings call scheduled for July 30, where the industrial gases giant will report results. Meanwhile, Wall Street analysts remain broadly bullish — RBC raised its price target to $358 (from $341) and Bernstein lifted its target to $345 (from $344), both maintaining Outperform ratings, reflecting confidence in Air Products' refocused industrial gases strategy and its 44-year dividend growth streak.

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July 17, 2026Air Products and Chemicals closed modestly higher, recovering after the prior session's underperformance, as investors look ahead to the fiscal Q3 2026 earnings call scheduled for July 30. Analyst sentiment remains constructive — Bernstein maintained its Outperform rating with a $344 price target, while Evercore ISI recently raised its target to $342 from $325 and UBS lifted its target to $330 — reflecting confidence in the company's refocused industrial gases strategy following its late-June decision to exit the Louisiana clean energy project, absorbing a $2.9 billion charge but signaling disciplined capital allocation.

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July 16, 2026Air Products and Chemicals declined nearly 2%, underperforming the broader S&P 500, as investors continued to digest the company's late-June decision to exit its Louisiana Clean Energy Complex and other clean energy projects, triggering $2.9 billion in pre-tax charges. Despite recent analyst upgrades—Evercore ISI raised its price target to $342 and UBS lifted its target to $330 in early July—sentiment remained cautious ahead of the Q3 FY26 earnings call scheduled for July 30, where investors will look for clarity on capital redeployment strategy. In after-hours trading, shares recovered modestly to around $296.52.

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July 15, 2026Air Products and Chemicals edged lower, pulling back modestly after surging 8.6% last Friday when the company announced it would abandon its Louisiana Clean Energy Complex and other clean energy projects, marking a significant strategic reset. Investors continued to digest the implications of that pivot, with analysts debating whether APD is undervalued near $299—some models point to a fair value of ~$328, while others note the stock trades at a premium P/E of 31.5x versus the industry's 25.6x. The broader market provided a mixed backdrop, with the S&P 500 closing slightly higher after a softer-than-expected June CPI report, though ongoing U.S.-Iran tensions and rising oil prices kept sentiment cautious across the Basic Materials sector.

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July 14, 2026Air Products and Chemicals edged higher, outperforming a broadly weaker materials sector (XLB fell on the day) as investors weighed the company's strategic pivot following its late-June exit from the Louisiana Clean Energy Complex and other clean hydrogen projects — moves that trigger up to $2.9 billion in pre-tax charges but are seen by some as a necessary de-risking. Evercore ISI raised its price target to $342 (from $325) on July 10, while a new Yara International distribution agreement for renewable ammonia from the NEOM Green Hydrogen Project signals the core hydrogen business continues to scale. Broader macro headwinds, including renewed U.S.-Iran tensions sending oil higher and a busy Q2 earnings season, kept the overall market cautious.

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July 11, 2026Air Products and Chemicals edged higher, outperforming the broader Basic Materials sector as investors responded to a bullish analyst catalyst — Evercore ISI raised its price target on APD to $342 from $325 — and RBC Capital Markets maintained the stock on its top 30 global ideas list. The moves come ahead of APD's fiscal Q3 2026 earnings report, with analysts forecasting adjusted EPS of $3.35 (up ~8% YoY) and a consensus 'Moderate Buy' rating with an average target of ~$332. In after-hours trading, shares extended gains to ~$304, adding to the session's advance even as the XLB sector ETF dipped slightly after the close.

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July 10, 2026Air Products and Chemicals closed modestly lower as investors weighed a complex backdrop ahead of its fiscal Q3 2026 earnings report, with analysts forecasting adjusted EPS of $3.35, up 8.4% year-over-year. RBC Capital Markets reaffirmed APD as a top 30 global stock idea, while UBS recently raised its price target to $330 (Hold) — yet valuation concerns linger after the stock's ~25% YTD rally, with some models suggesting shares trade at a premium. The company's June 30 exit from the Louisiana Clean Energy Complex, carrying up to $2.9B in charges, and geopolitical tensions from renewed U.S.-Iran strikes adding macro uncertainty weighed on sentiment.

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July 9, 2026Air Products and Chemicals fell nearly 3% Wednesday, underperforming the broader materials sector (XLB) as a macro-driven risk-off selloff swept markets after President Trump declared the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% and stoking inflation fears. The decline comes amid growing valuation scrutiny following a strong year-to-date run — analysts at Simply Wall St. flagged the stock as 35.8% overvalued on a DCF basis — while UBS maintained its Hold rating but lifted its price target to $330, reflecting cautious optimism around Air Products' portfolio streamlining, including its exit from the Louisiana Clean Energy Complex and continued commitment to the NEOM renewable ammonia project.

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marketscreener.com · July 17, 2026RBC Raises Price Target on Air Products & Chemicals to $358 From $341, Keeps Outperform RatingTradingView · July 15, 2026Air Products to Broadcast Fiscal 2026 Third Quarter Earnings Teleconference on July 30, 2026Bloomberg.com · June 30, 2026Air Products Axes Massive Clean Energy Complex in LouisianaMoomoo · June 30, 2026Air Products Jumps as Investors Applaud Exit From Lower-return Clean Energy ProjectsInvesting.com · March 20, 2026JPMorgan upgrades Air Products stock rating on helium recovery24/7 Wall St. · February 12, 2026Air Products Delivers $1.79: What This Dividend Giant’s Payout Says About Its Future
Benzinga · July 17, 2026Bernstein Maintains Outperform on Air Products, Raises Price Target to $345
Mt Newswire · July 17, 2026Bernstein Adjusts Price Target on Air Products and Chemicals to $345 From $344, Maintains Outperform Rating
Mt Newswire · July 17, 2026RBC Raises Price Target on Air Products & Chemicals to $358 From $341, Keeps Outperform Rating
Mt Newswire · July 10, 2026Evercore ISI Adjusts Price Target on Air Products and Chemicals to $342 From $325
Mt Newswire · July 6, 2026UBS Adjusts Air Products and Chemicals Price Target to $330 From $316
Benzinga · July 1, 2026Bernstein Maintains Outperform on Air Products, Maintains $344 Price Target
Benzinga · June 30, 2026Air Products Dumps Flagship Clean Energy Project After Returns Fall Short
Mt Newswire · June 30, 2026Air Products and Chemicals Won't Proceed With Louisiana Clean Energy Project

Peers

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