Barclays starts coverage of Air Products stock at USD 353.00

Published on 10/15/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal third-quarter revenue rose 5.00 percent to USD 3.16 billion, while adjusted EPS reached USD 3.47. November 5 results are next for Air Products stock.

Coverage begins with a target

Barclays began coverage with a USD 353.00 target on October 12, 2026.
Fiscal third-quarter revenue rose 5.00 percent to USD 3.16 billion in 2026.
Air Products stock trades at EUR 261.35 at 10:01 a.m. CEST at Lang & Schwarz on October 15, 2026.

Bauhaus-Konstruktivismus-Poster mit geometrischen Formen und HYDROGEN INDUSTRIAL Text — Air Products & Chemicals Inc. US0091581068 Bauhaus geometric HYDROGEN INDUSTRIAL bold constructivist poster, Illustration mit AI erstellt.

Air Products and Chemicals (ISIN US0091581068) was trading at EUR 261.35 at Lang & Schwarz on October 15, 2026 at 10:01 a.m. CEST. Barclays began coverage on October 12 with an Overweight rating and a USD 353.00 price target, according to Markets Insider.

Third-quarter figures set the base

Air Products reported fiscal third-quarter 2026 revenue of USD 3.16 billion, up 5.00 percent from the prior year, while adjusted earnings per share rose 12.00 percent to USD 3.47. Adjusted operating income increased 9.00 percent to USD 810.00 million, and the adjusted operating margin reached 25.60 percent, according to Yahoo Finance.

The headline numbers came with a major accounting counterweight. TickerScout reported a GAAP operating loss of USD 2.10 billion and a loss per share of USD 6.47 for the quarter, driven by project-exit charges of about USD 2.90 billion before tax.

What does the target mean?

Barclays' USD 353.00 target sits above the latest euro quotation, but the currencies are different and no distance calculation is made. The more comparable operating signal is management's fiscal 2026 adjusted earnings-per-share guidance of USD 13.39 to USD 13.49, alongside capital spending expected at about USD 3.50 billion, according to TickerScout.

Three dated steps frame the story

On June 30, 2026, Air Products announced project exits carrying about USD 2.90 billion in pre-tax charges, according to TickerScout. On July 30, 2026, fiscal third-quarter revenue reached USD 3.16 billion and adjusted earnings per share reached USD 3.47, according to Yahoo Finance. On October 12, 2026, Barclays initiated coverage with a USD 353.00 target, according to Markets Insider.

Next reporting date

Air Products is scheduled to report fiscal fourth-quarter 2026 results on November 5, 2026, before the market opens, according to Simply Wall St. That report will show whether the stronger adjusted earnings trend can offset the project-exit charges in statutory results.

Stock price and investor context

Air Products and Chemicals supplies industrial gases, related equipment and services to industries including chemicals, refining, manufacturing, electronics and energy. The company is based in Allentown, Pennsylvania, and its primary listing is on the NYSE under ticker APD.

The stock was trading at EUR 261.35 at Lang & Schwarz on October 15, 2026 at 10:01 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Air Products and Chemicals stock.