Redburn Atlantic Upgrades Air Products and Chemicals Outlook
On October 25, 2024, Redburn Atlantic lifted their rating for Air Products and Chemicals (XTRA:AP3) from Sell to Neutral.
Analyst Price Target Highlights Potential Growth
As of October 22, 2024, the average one-year price target for Air Products and Chemicals is 304,21 €/share. The estimates vary, with a low of 235,06 € and a high of 368,95 €. This average indicates a modest increase of 0.60% from its most recent closing price of 302,40 € per share.
Projected Revenue and Earnings Growth
Air Products and Chemicals is expected to generate an annual revenue of 15,661 million euros, reflecting a significant increase of 29.38%. Additionally, the projected annual non-GAAP earnings per share (EPS) stands at 14.11.
Institutional Investors and Fund Sentiment
Currently, 2,434 funds and institutions report holdings in Air Products and Chemicals. This figure marks a decrease of 55 owners, or 2.21%, from the previous quarter. The average portfolio allocation of these funds in AP3 is 0.39%, which signifies an increase of 6.76%. Over the last three months, total institutional shares held rose by 6.32% to reach 226,159K shares.
Capital Research Global Investors now owns 14,933K shares, which equates to 6.72% ownership. This marks a notable increase of 24.80% from their prior ownership of 11,230K shares, and the firm boosted its allocation in AP3 by 37.36% last quarter.
State Farm Mutual Automobile Insurance holds 12,302K shares, representing 5.53% of the company, with no changes in their position over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares recently increased their stake to 7,028K shares, amounting to 3.16% ownership, which is a slight rise of 0.44% from their prior holdings of 6,997K shares. Their allocation in AP3 grew by 4.03% last quarter.
JPMorgan Chase currently has 6,489K shares, constituting 2.92% ownership, indicating a decrease of 5.90% from 6,872K shares in the previous filing. Their allocation in AP3 diminished by 2.33% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares possesses 5,705K shares, representing 2.57% ownership, which is an increase of 1.81% from 5,602K shares previously. Their allocation in AP3 rose by 2.69% last quarter.
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