Air Products and Chemicals, Inc (NYSE:APD):
Air Products’ Latest Oxy-fuel Burner Helps Glass Manufacturers Restore Furnaces to Full Production.
The company is now up by 0.50 percent from yesterday’s close.
The company declared a dividend which will be paid on Monday the 14th of August 2017. The dividend will be $0.950 per share for the quarter or $3.80 on an annualized basis. The dividend yield will be $2.64. The ex-dividend date is Thursday the 29th of June 2017.
Air Products and Chemicals, Inc., launched on May 25, 1961, is an industrial gases company. The Business’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company operates through seven segments: Industrial Gases-Americas, Industrial Gases-Europe, Middle East, and Africa (EMEA), Industrial Gases-Asia, Industrial Gases-Global, Materials Technologies, Energy-from-Waste, and Corporate and other. The Company is also a supplier of liquefied natural gas process technology and equipment. The Business’s Materials Technologies business serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. The Company serves energy, electronics, chemicals, metals and manufacturing customers globally with a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services. The Company manufactures and distributes products in two principal lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products are atmospheric gases, process gases, and equipment for air separation. Materials Technologies’ primary products are performance materials and chemicals, such as epoxy amine curing agents, polyurethane catalysts, additives, and specialty surfactants, and electronics material, such as specialty gases, chemical mechanical planarization slurries and specialty chemicals. The Company also designs and manufactures equipment for natural gas liquefaction and helium distribution and is constructing waste-to-energy facilities for the production of electricity..
Shares are trading at $143.49 a tad below the 50 day moving average which is $144.33 and which is marginally higher than the 200 day moving average of $142.11. The 50 day moving average was down by -0.60% whereas the 200 day average was up by +0.96%.
The most current P/E ratio is 9.92 and the market cap of the company is 31.24B. As of the last earnings report the EPS was $14.46 and is estimated to be $6.15 for the current year with 217,724,000 shares now outstanding. Next quarter’s EPS is estimated at $1.66 and the next full year EPS is projected to be $6.80.
A few investment firms have weighed in on the stock. On December 5 the stock rating was upgraded to “Buy” from “” with a current price target of $165.00 by Citigroup. Equity analyst Citigroup both upgraded the stock and raised the price target on December 5 changing the price objective from $156.00 to $165.00 and changing the rating from “” to “Buy”.
On November 29 analysts at HSBC initiated coverage on the stock with an initial rating of “Hold”. On November 21 the company was upgraded from “” to “Buy” and a price target of $159.00 was set in a statement from Argus Research.
On September 30, 2016 the stock rating was set at “Neutral” by Atlantic Equities a boost from the previous “Underweight” rating. On August 12 the company was upgraded from “Neutral” to “Overweight” with a current price target of $160.00 by analysts at JP Morgan.