Barclays starts coverage with USD 353 target for Air Products stock
Published on 10/13/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Barclays initiated coverage of Air Products with an Overweight rating and a USD 353.00 price target on October 12, 2026.
- Air Products signed a Malaysia agreement for an LNG-based air separation unit producing more than 600 tons per day.
- Third-quarter fiscal 2026 revenue was USD 3.16 billion and diluted earnings per share were USD 3.47.
- The next fiscal 2026 fourth-quarter results are scheduled for November 5, 2026.
Barclays initiated coverage of Air Products and Chemicals (ISIN US0091581068) with an Overweight rating and a USD 353.00 price target on October 12, 2026, according to Markets Insider. The analyst action gives Air Products a fresh valuation reference while the stock was trading at EUR 254.45 at Lang & Schwarz on October 13, 2026 at 11:09 a.m. CEST.
Three dated operating signals
On July 30, 2026, Air Products reported third-quarter fiscal 2026 diluted earnings per share of USD 3.47 and revenue of USD 3.16 billion, according to MarketBeat. Revenue increased 4.60 percent year over year, while the earnings figure exceeded the USD 3.34 consensus by USD 0.13.
On October 8, 2026, Air Products announced a definitive agreement for Malaysia's first LNG-based air separation unit. The facility is designed to produce more than 600 tons of liquid oxygen, nitrogen and argon per day and is expected to start operations by early 2027, Yahoo Finance reported.
The Malaysia project will be Air Products' fifth LNG-based air separation unit in Asia. Its output is aimed at industrial customers in southern and central Malaysia, including electronics, petrochemicals, aerospace and manufacturing, which gives the announcement a concrete capacity dimension rather than a purely strategic label.
What does the target imply?
Barclays' USD 353.00 target sits above the company's recent U.S. market quotation, but the comparison uses different currencies from the euro Lang & Schwarz reference price and is therefore not converted into a euro upside calculation. The rating and target are the clearest current analyst signal in the article, while the Malaysia project supplies a separate operating-growth reference.
Next date for the stock
Air Products is scheduled to discuss fiscal 2026 fourth-quarter results on November 5, 2026, according to the company's published investor information carried by Yahoo Finance. The report date will help investors compare the company's results with the USD 13.39 to USD 13.49 fiscal 2026 earnings-per-share guidance cited by MarketBeat.
Air Products and Chemicals was trading at EUR 254.45 at Lang & Schwarz on October 13, 2026 at 11:09 a.m. CEST. The primary listing is on the NYSE in USD, where the October 12, 2026 quotation was USD 283.87; the separate 52-week range was USD 229.11 to USD 314.87.
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 13, 2026, 11:09 a.m. CEST): EUR 254.45
- Market capitalization: USD 63.2 billion (as of October 12, 2026)
- 52-week range: USD 229.11-314.87 (as of October 12, 2026)
- Sector / Industry: Materials / Specialty Chemicals
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
