Market Update (NYSE:APD): Air Products and NSPE Team Up to Commercialize Their First Hydrogen Fueling Station in Japan

[PR Newswire] – LEHIGH VALLEY, Pa., May 18, 2016 /PRNewswire/ — Air Products (NYSE: APD) and NIPPON STEEL & SUMIKIN Pipeline & Engineering Co. Ltd. (NSPE) have successfully constructed and placed onstream their first … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $30.53B, started trading this morning at $142.00. Today, shares have traded between $141.23 and $143.59 per share and has traded between $114.64 and $152.16 over the past year. Priced at 19.10x this year’s forecasted earnings, APD shares are relatively inexpensive compared to the industry’s 28.70x forward p/e ratio. And for passive income investors, the company pays shareholders $3.44 per share annually in dividends, yielding 2.43%. 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. Investors should also note that the full-year EPS estimate of $7.48 is a $0.91 improvement 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. Investors should keep in mind is that the average price target is $155.88, which is 9.77% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: 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 Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ Materials Technologies to Increase Prices for Electronics Offerings
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