Air Products and Chemicals, Inc (NYSE:APD):
Air Products Shows Support of Gases and Welding Industry at GAWDA 2016 Annual Convention.
The company is so far trading up by 0.33 percent from yesterday’s close.
The company declared a dividend which will be paid on Monday the 14th of November 2016. The dividend payment will be $0.860 per share for the quarter which comes to $3.44 on an annualized basis. This dividend amount will represent a yeild of $2.33. The ex-dividend date has been established as Wednesday the 29th of June 2016.
Company shares last traded at $148.84 marginally under $151.95, the 50 day moving average and which is marginally higher than the 200 day moving average of $146.23. The 50 day moving average went down by -2.05% whereas the 200 day average was up by +1.78%.
The company’s P/E ratio is 55.68 and the market value is 32.23B. As of the latest earnings report the EPS was $2.67 and is expected to be $7.51 for the current year with 216,549,000 shares currently outstanding. Next quarter’s EPS is expected be $1.98 and the next full year EPS is projected to be $8.18.
Several investment firms have weighed in on APD. On August 12 the stock rating was upgraded from “Neutral” to “Overweight” with a current price target of $160.00 in a report issued by JP Morgan. Equity analyst JP Morgan both upgraded the stock and raised the price target on August 12 boosting the price target from $126.00 to $160.00 and changing the rating from “Neutral” to “Overweight”.
July 29 investment analysts at Citigroup kept the stock rating at “” and lowered the price expectation from $157.00 to $156.00. On July 15 Citigroup made no change to the stock rating of “Neutral” and raised the price target to $157.00 from $155.00.
On July 11 the company was upgraded to “Buy” from “” in a statement from Seaport Global. On April 18 Citigroup kept the company rating at “Neutral” but moved up the price target from $139.00 to $155.00.