Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Air Products and Chemicals (APD) Stock Price
Media coverage about Air Products and Chemicals (NYSE:APD) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Air Products and Chemicals earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.3180316335449 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Stop Chasing High Dividends: Air Products and Chemicals, Inc. (APD) generates Yield of 2.53% – Voice Of Analysts (analystsbuzz.com)
- Susquehanna Upgrades Air Products & Chemicals Inc. (APD) to Positive – StreetInsider.com (streetinsider.com)
- Air Products and Chemicals (APD) Presents At KeyBanc Basic Materials & Packaging Conference – Slideshow (seekingalpha.com)
- Air Products and Chemicals, Inc. (APD) Raised to “Positive” at Susquehanna Bancshares Inc (americanbankingnews.com)
Several equities analysts recently commented on the company. UBS AG upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating in a research report on Wednesday. Barclays PLC restated a “buy” rating and set a $170.00 target price on shares of Air Products and Chemicals in a research report on Friday, August 4th. Susquehanna Bancshares Inc upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their target price for the stock from $165.00 to $175.00 in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 14th. Finally, BidaskClub downgraded Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Air Products and Chemicals currently has an average rating of “Hold” and an average price target of $155.33.
Air Products and Chemicals (NYSE:APD) traded up 0.04% during midday trading on Friday, reaching $150.13. The company had a trading volume of 1,750,625 shares. The firm has a 50-day moving average of $146.29 and a 200-day moving average of $142.78. Air Products and Chemicals has a 12 month low of $129.00 and a 12 month high of $151.42. The stock has a market cap of $32.72 billion, a P/E ratio of 11.28 and a beta of 1.25.
Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities analysts expect that Air Products and Chemicals will post $6.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s payout ratio is presently 28.51%.
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About Air Products and Chemicals
Air Products and Chemicals, Inc, is an industrial gases company. The Company’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 is also a supplier of liquefied natural gas process technology and equipment.
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