Air Products & Chemicals Inc Surpasses Analyst Price Target: What’s Next?
Recently, shares of Air Products & Chemicals Inc (Symbol: APD) reached $320.34, exceeding the average analyst 12-month target price of $318.65. This situation prompts analysts to make a choice: either downgrade the stock due to valuation or adjust their target higher. Factors influencing this decision may include positive business developments pushing the stock price upward. If the outlook is bright for the company, it could signal a time for a target price increase.
In total, 20 analysts contribute to the average target for Air Products & Chemicals Inc within the Zacks coverage universe. While the average stands at $318.65, predictions vary significantly. One analyst has set a low target of $255.00, while another is much more optimistic, with a target of $365.00. The standard deviation among these targets is $29.946, indicating a range of opinions.
The rationale behind examining the average price target stems from a “wisdom of the crowds” approach, gathering insights from multiple analysts rather than relying on a single view. With APD trading above the average target price, it raises important questions for investors: Is $318.65 merely a stepping stone to a higher target, or has the stock reached a point where it may be wise to take profits? Below is a table summarizing the current ratings from analysts covering Air Products & Chemicals Inc:
| Recent APD Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 12 | 10 | 10 | 10 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 8 | 9 | 9 | 9 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.95 | 2.1 | 2.1 | 2.1 |
The average rating in the table above ranges from 1 (Strong Buy) to 5 (Strong Sell). This information was sourced from Zacks Investment Research via Quandl.com. To read the latest Zacks research report on APD, please visit their site for free access.
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The views expressed in this article belong to the author and do not necessarily reflect those of Nasdaq, Inc.
