RBC cuts Air Products and Chemicals stock target to USD 346.00

Published on 10/20/2026 at 11:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC cut its target to USD 346.00 on October 15, 2026. Air Products and Chemicals stock costs EUR 266.85 versus USD 298.65 at NYSE, October 20, 2026.

Project costs shape earnings

RBC cut its Air Products target from USD 360.00 to USD 346.00 on October 15, 2026.
Fiscal third-quarter sales reached USD 3.16 billion and adjusted earnings per share were USD 3.47.
Air Products stock trades at EUR 266.85 at 11:35 a.m. CEST at Lang & Schwarz on October 20, 2026.
Air Products will discuss fiscal fourth-quarter results on November 5, 2026.

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Air Products and Chemicals (ISIN US0091581068) is trading at EUR 266.85 at Lang & Schwarz on October 20, 2026 at 11:35 a.m. CEST. Markets Insider reported on October 15, 2026 that RBC Capital cut its target from USD 360.00 to USD 346.00 while keeping an Outperform rating.

Target cut meets stronger operations

The target reduction contrasts with a stronger underlying quarter. Air Products reported fiscal third-quarter sales of USD 3.16 billion for the period ended June 30, 2026, up 4.6 percent from USD 3.02 billion a year earlier, while adjusted operating income rose 9.3 percent to USD 810.3 million, according to TickerScout.

Reported earnings tell a harsher story. Net loss attributable to common shareholders reached USD 1.44 billion, or USD 6.47 per diluted share, after USD 2.91 billion of pretax charges tied to clean-energy project exits in the fiscal third quarter.

What does the charge mean for cash?

The project exits remain the central risk because they combine an improved gas operation with heavy capital-allocation consequences. Fiscal 2026 adjusted earnings-per-share guidance stands at USD 13.39 to USD 13.49, while the company expects fiscal 2026 capital expenditures of about USD 3.5 billion, according to the same filing summary.

Three dates define the next phase

On July 30, 2026, Air Products reported fiscal third-quarter adjusted earnings per share of USD 3.47 and sales of USD 3.16 billion. On October 7, 2026, it announced a Malaysia air-separation project designed to produce more than 600 tonnes of liquid oxygen, nitrogen and argon per day, according to PR Newswire. On October 15, 2026, RBC cut its target from USD 360.00 to USD 346.00.

Air Products will showcase gas technologies at FABTECH from October 21 to October 23, 2026, according to PR Newswire. The company is scheduled to discuss fiscal fourth-quarter results on November 5, 2026 at 8:00 a.m. ET.

Stock price and investor context

Air Products and Chemicals has a market capitalization of USD 66.5 billion as of October 19, 2026. Its NYSE close was USD 298.65 on October 19, 2026, within a 52-week range of USD 229.11 to USD 314.87. The combination of adjusted operating growth and large project charges gives the November report a sharper significance than the target cut alone.

Air Products and Chemicals was trading at EUR 266.85 at Lang & Schwarz on October 20, 2026 at 11:35 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Air Products and Chemicals stock.