Keybanc Starts Coverage of Air Products and Chemicals with Sector Weight Rating

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On September 11, 2026, Keybanc initiated coverage of Air Products and Chemicals (NYSE:APD) with a Sector Weight recommendation. The company’s stock closed at $293.65 on September 10, following a one-week decline of 3.47% and a one-month decline of 4.71%.

As of September 1, 2026, the aggregate consensus recommendation for Air Products included 5 strong buy, 13 buy, and 9 hold ratings. The target mean price was $350.85, suggesting a potential increase of 19.48% from previous levels. Following a July 30 filing showing a GAAP loss per share of $6.47 and an operating loss of $2.1 billion due to business adjustments, the company raised its full-year adjusted EPS guidance to between $13.39 and $13.49.

For the third quarter of fiscal 2026, Air Products reported actual earnings per share of $3.47, surpassing estimates and generating revenue of approximately $3.16 trillion. The company’s capital expenditures for the fiscal year are anticipated to be around $3.5 billion.

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