RBC cuts target for Air Products and Chemicals stock from USD 360.00 to USD 346.00
Published on 10/26/2026 at 11:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and earnings ahead
- Royal Bank of Canada cut its Air Products target from USD 360.00 to USD 346.00 on October 15, 2026.
- Fiscal third-quarter 2026 sales rose 5.00 percent to USD 3.20 billion.
- Air Products and Chemicals stock trades at EUR 275.20 at 11:19 a.m. CEST at Lang & Schwarz on October 26, 2026, 0.11 percent below the Xetra close of October 23, 2026.
Air Products and Chemicals (ISIN US0091581068) was trading at EUR 275.20 at Lang & Schwarz on October 26, 2026 at 11:19 a.m. CEST, 0.11 percent below the EUR 275.50 Xetra reference. The latest analyst action came from Royal Bank of Canada, which cut its target from USD 360.00 to USD 346.00 on October 15, 2026, according to MarketBeat.
Target cut meets stronger earnings
The lower target contrasts with improved operating figures. In fiscal third-quarter 2026, adjusted earnings per share reached USD 3.47, up 12.00 percent, while sales increased 5.00 percent to USD 3.20 billion, according to Ticker Scout. The same quarter also included a GAAP loss per share of USD 6.47 after project-exit charges, separating the adjusted improvement from the reported result.
Chronology shows the shift in the investment case. On July 30, 2026, Air Products reported fiscal third-quarter adjusted earnings of USD 3.47 per share and raised fiscal 2026 adjusted earnings guidance to USD 13.39-13.49. On October 6, 2026, the company scheduled its fiscal fourth-quarter results call for November 5, 2026. On October 15, 2026, Royal Bank of Canada reduced its target from USD 360.00 to USD 346.00, while maintaining an outperform rating, as reported by MarketBeat.
What does the target cut mean?
The revised USD 346.00 target still sits above the USD 307.28 NYSE reference cited by MarketBeat on October 23, 2026, but the cut signals a more cautious valuation stance. MarketBeat listed a consensus target of USD 333.88 from 19 brokerages, including 10 buy ratings, 7 hold ratings and 2 strong-buy ratings. Those figures describe analyst positioning rather than a company forecast.
Next results arrive November 5
The next substantiated date is November 5, 2026, when Air Products will discuss fiscal fourth-quarter 2026 results at 8:00 a.m. ET. The date and time were announced by Air Products. The company supplies industrial gases, equipment and related services to customers across manufacturing, chemicals, healthcare and energy.
Stock holds near its yearly high
MarketBeat listed a 52-week range of USD 229.11 to USD 314.87 on October 25, 2026. That range places the NYSE reference of USD 307.28 below the high, while the euro quote from Lang & Schwarz remains the relevant German-market indication.
Air Products and Chemicals was trading at EUR 275.20 at Lang & Schwarz on October 26, 2026 at 11:19 a.m. CEST, 0.11 percent below the Xetra close of October 23, 2026 at EUR 275.50. The further course of trading is shown by the continuously updated real-time quote of Air Products and Chemicals stock.
Air Products and Chemicals stock facts
- Company: Air Products and Chemicals, Inc.
- ISIN: US0091581068
- Ticker: APD
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 11:19 a.m. CEST): EUR 275.20
- Change versus Xetra close: minus 0.11 percent
- Xetra close (October 23, 2026): EUR 275.50
- Market capitalization: USD 68.4 billion (as of October 23, 2026)
- 52-week range: USD 229.11-314.87 (as of October 25, 2026)
- Sector / Industry: Basic Materials / Specialty Chemicals
- Index membership: S&P 500
Market context: Market report S&P 500.
