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Market Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ CEO and Materials Technologies VP to Speak at Deutsche Bank Global Industrials and Materials Summit on June 8

[PR Newswire] – LEHIGH VALLEY, Pa., June 3, 2016 /PRNewswire/ — Air Products (NYSE: APD) today announced that Chairman, President and Chief Executive Officer (CEO) Seifi Ghasemi and Materials Technologies Executive Vice … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $30.95B, opened this morning at $143.39. Today’s price range has been between $142.27 and $143.50 per share with its 52-week range being $114.64 to $152.16. APD shares are currently priced at 19.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.31x earnings multiple. The company pays shareholders $3.44 per share annually in dividends, yielding 2.39%. 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. In looking at the bigger picture, the full-year EPS estimate of $7.48 would be a $0.91 better when compared to the previous 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. In terms of ratings, Deutsche Bank downgraded APD from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts upgraded APD from Sector Weight to Overweight. With the above information in mind, readers should note that the average price target is $155.25, which is 8.27% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ CEO to Speak at Goldman Sachs Basic Materials Conference on May 17 Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Moves Forward with its Materials Technologies Business Spin-Off to Versum Materials Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ Materials Technologies to Increase Prices for Electronics Offerings
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