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Market Update (NYSE:APD): Air Products Announces License Agreement for its Patented Hydrogen Fueling Protocol

[PR Newswire] – LEHIGH VALLEY, Pa., June 2, 2016 /PRNewswire/ — Air Products (NYSE: APD), a leader in hydrogen fueling and infrastructure worldwide, today announced that it has signed an agreement to provide a technology … Read more on this. Air Products and Chemicals, Inc. (APD) , currently valued at $30.80B, opened at $143.44. Shares have traded today between $142.28 and $143.44 per share with its 52-week range being $114.64 to $152.16. APD shares are currently priced at 19.25x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.31x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $3.44 per share annually in dividends, yielding 2.41%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.91 per share, which 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 predicated on a consensus revenue forecast of $2.42 Billion. If reported, that would be a 2.02% decrease over the year-ago quarter. More recently, Deutsche Bank downgraded APD from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts upgraded APD from Sector Weight to Overweight. When considering if the stock is under or overvalued, the average price target is $155.25, which is 8.23% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: Market Update (NYSE:APD): Air Products and NSPE Team Up to Commercialize Their First Hydrogen Fueling Station in Japan Market Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Launches Hydrogen Services Business to Support Customer-owned Hydrogen Plants Market Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Receives PED Certification for New Biogas Membrane Separators
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