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Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Declares Quarterly Dividend

[PR Newswire] – LEHIGH VALLEY, Pa., May 19, 2016 /PRNewswire/ — The Board of Directors of Air Products ( NYSE:APD ) today declared a quarterly dividend of 86 cents per share of common stock. The dividend is payable on … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $30.51B, opened this morning at $141.74. Today’s price range has been between $140.49 and $142.63 per share with the price of the stock fluctuating between $114.64 to $152.16 over the last 52 weeks. Priced at 18.94x this year’s forecasted earnings, APD shares are relatively inexpensive compared to the industry’s 28.70x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.44 per share annually in dividends, yielding 2.40%. According to a consensus of 15 analysts, the earnings estimate of $1.91 per share would be $0.26 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $7.48, which would be a $0.91 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.42 Billion. If realized, that would be a 2.02% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded APD from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts upgraded APD from Sector Weight to Overweight. The average price target for APD shares by the analysts covering the stock is $155.88, which is 9.98% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products to Feature Industrial Gases and Technologies to Help Improve Foundry Operations at CastExpo 2016 Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Increases Quarterly Dividend for 34th Consecutive Year Company Update: Air Products & Chemicals Inc (NYSE:APD) – Chemicals – Major Diversified Stocks Review — The Dow Chemical, Huntsman, Air Products and Chemicals, and Praxair
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