TD Cowen reiterated coverage of Air Products with a rating of Outperform and set a new price target of $305.00 from $345.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2025 | Outperform → Market Perform | BMO Capital Markets | |
| 2/7/2025 | $345.00 → $320.00 | Overweight → Neutral | Analyst |
| 1/31/2025 | $375.00 | Mkt Perform → Outperform | Bernstein |
| 1/27/2025 | $350.00 | Buy → Neutral | BofA Securities |
| 1/24/2025 | $315.00 → $365.00 | Equal Weight → Overweight | Barclays |
| 1/14/2025 | Equal Weight → Overweight | Wells Fargo | |
| 11/18/2024 | $375.00 | Neutral → Buy | UBS |
| 10/25/2024 | $330.00 | Sell → Neutral | Redburn Atlantic |
BMO Capital Markets downgraded Air Products from Outperform to Market Perform
Analyst downgraded Air Products from Overweight to Neutral and set a new price target of $320.00 from $345.00 previously
Bernstein upgraded Air Products from Mkt Perform to Outperform and set a new price target of $375.00
4 - Air Products & Chemicals, Inc. (0000002969) (Issuer)
4 - Air Products & Chemicals, Inc. (0000002969) (Issuer)
4 - Air Products & Chemicals, Inc. (0000002969) (Issuer)
CERT - Air Products & Chemicals, Inc. (0000002969) (Filer)
8-A12B - Air Products & Chemicals, Inc. (0000002969) (Filer)
8-K - Air Products & Chemicals, Inc. (0000002969) (Filer)
SC 13G - Air Products & Chemicals, Inc. (0000002969) (Subject)
SC 13G/A - Air Products & Chemicals, Inc. (0000002969) (Subject)
SC 13G/A - Air Products & Chemicals, Inc. (0000002969) (Subject)
Air Products' Industry Experts will Present the Details of Recent Hydrogen Boiler Trials, as well as Information on Hydrogen's Role in Enhancing Microgrid Resilience LEHIGH VALLEY, Pa., Feb. 10, 2025 /PRNewswire/ -- Air Products (NYSE:APD) will highlight how its industrial gases, such as hydrogen, can help the power industry generate a cleaner future and reach its decarbonization goals at POWERGEN International, from February 11-13, at the Kay Bailey Hutchison Convention Center in Dallas, Texas. With more than 80 years of industrial gas experience, and as the world's largest supplier of hydrogen, Air Products has the expertise needed to be a decarbonization partner to the power generation
Q1 FY25 (comparisons versus prior year): GAAP EPS# of $2.77, up one percent; GAAP net income of $650 million, up five percent; and GAAP net income margin of 22.2 percent, up 150 basis pointsAdjusted EPS* of $2.86, up one percent; adjusted EBITDA* of $1.2 billion, up one percent; and adjusted EBITDA margin* of 40.6 percent, up 140 basis pointsFiscal 2025 and Recent Highlights Increased quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend increases; Air Products expects to return approximately $1.6 billion to shareholders in 2025Guidance Maintain fiscal 2025 full-year adjusted EPS guidance* of $12.70 to $13.00; fiscal 2025 second qu
Seifi Ghasemi to Leave the Company Following More than 10 Years of Dedicated ServiceWayne T. Smith Named Board Chairman and Dennis H. Reilley Named Board Vice Chairman LEHIGH VALLEY, Pa., Feb. 4, 2025 /PRNewswire/ -- Air Products' (NYSE: APD) Board of Directors today announced the appointment of Eduardo F. Menezes as Chief Executive Officer (CEO) of Air Products effective February 7, 2025, succeeding Seifollah ("Seifi") Ghasemi, who is leaving the Company after more than 10 years of dedicated service. Mr. Menezes will also join the Air Products Board. The Board of Directors also has named Wayne T. Smith Chairman and Dennis H. Reilley as Vice Chairman. They, along with the full Board, will w
Q1 FY25 (comparisons versus prior year): GAAP EPS# of $2.77, up one percent; GAAP net income of $650 million, up five percent; and GAAP net income margin of 22.2 percent, up 150 basis pointsAdjusted EPS* of $2.86, up one percent; adjusted EBITDA* of $1.2 billion, up one percent; and adjusted EBITDA margin* of 40.6 percent, up 140 basis pointsFiscal 2025 and Recent Highlights Increased quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend increases; Air Products expects to return approximately $1.6 billion to shareholders in 2025Guidance Maintain fiscal 2025 full-year adjusted EPS guidance* of $12.70 to $13.00; fiscal 2025 second qu
Marks 43rd Consecutive Year of Quarterly Dividend Increases on Company's Common Stock LEHIGH VALLEY, Pa., Jan. 22, 2025 /PRNewswire/ -- The Board of Directors of Air Products (NYSE:APD) has increased the quarterly dividend on the Company's common stock to $1.79 per share, marking the 43rd consecutive year of dividend increases. The dividend is payable on May 12, 2025 to shareholders of record at the close of business on April 1, 2025. About Air Products Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets and generating a cleaner future. The Company supplies essential industrial gas
The Company's Board and Management, Under Chairman and CEO Seifi Ghasemi's Leadership, Have Delivered Over $44 Billion in Shareholder Value Creation1 Continues to Successfully Execute Two-Pillar Growth Strategy to Grow Core Industrial Gas Business While Capitalizing on First-Mover Advantage in Clean Hydrogen Market Air Products' Board is Refreshed, Independent and Fit-For-Purpose – Mantle Ridge's Proposed Nominees Would Remove Significant and Relevant Experience and Expertise Mantle Ridge's Proposed Executive Chairman Candidate Appears Alarmingly Unfit to Lead Air Products or any Public Company; Preferred CEO Candidate is Insufficiently Qualified Board Mails Letter Urging Shareholders to V
4 - Air Products & Chemicals, Inc. (0000002969) (Issuer)
4 - Air Products & Chemicals, Inc. (0000002969) (Issuer)
Seifi Ghasemi to Leave the Company Following More than 10 Years of Dedicated ServiceWayne T. Smith Named Board Chairman and Dennis H. Reilley Named Board Vice Chairman LEHIGH VALLEY, Pa., Feb. 4, 2025 /PRNewswire/ -- Air Products' (NYSE: APD) Board of Directors today announced the appointment of Eduardo F. Menezes as Chief Executive Officer (CEO) of Air Products effective February 7, 2025, succeeding Seifollah ("Seifi") Ghasemi, who is leaving the Company after more than 10 years of dedicated service. Mr. Menezes will also join the Air Products Board. The Board of Directors also has named Wayne T. Smith Chairman and Dennis H. Reilley as Vice Chairman. They, along with the full Board, will w
Welcomes Andrew Evans, Paul Hilal, Bob Patel, Dennis Reilley and Alfred Stern LEHIGH VALLEY, Pa., Jan. 23, 2025 /PRNewswire/ -- Air Products (NYSE: APD) today reported preliminary voting results from its 2025 Annual Meeting of Shareholders ("Annual Meeting") held on January 23, 2025. Based on preliminary results, Air Products shareholders have chosen to elect the following nominees to serve on the Company's Board of Directors: Tonit M. CalawayLisa A. DavisAndrew EvansJessica Trocchi GrazianoPaul HilalBhavesh V. ("Bob") PatelDennis ReilleyWayne T. SmithAlfred SternThe Company issued the following statement: "We welcome all our new directors and look forward to working together in the advance
The Board Expects the Following: After the Announcement of a New President No Later Than March 31st, the CEO Transition Will Be Completed Within Three Months of Joining the Company. Additionally, the Roles of Chair and CEO Will Be Separated, a New Independent Chair Appointed, and Mr. Ghasemi Will Retire from the Board Air Products' Highly Qualified Board Is Significantly Refreshed with Outside Perspectives Our Independent Directors Are Running a Rigorous and Orderly CEO Succession Process Achieved Strong Preliminary Fiscal Q1 2025 Earnings Results (GAAP EPS of $2.77; adjusted EPS of $2.86)1 Which Reinforce that the Company is Committed to Creating Superior Shareholder Value LEHIGH VALLEY,