Very Favorable Press Coverage Somewhat Likely to Impact Air Products & Chemicals (APD) Stock Price
Press coverage about Air Products & Chemicals (NYSE:APD) has been trending very positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Air Products & Chemicals earned a daily sentiment score of 3.33 on their scale. InfoTrie also gave headlines about the basic materials company an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Air Products & Chemicals’ score:
- Air Products’ CEO to Speak at Citi 2018 Basic Materials Conference (finance.yahoo.com)
- Air Products & Chemicals Inc (APD) Files 10-K for the Fiscal Year Ended on September 30, 2018 (finance.yahoo.com)
- Air Products & Chemicals, Inc. Plans Quarterly Dividend of $1.10 (APD) (americanbankingnews.com)
- Air Products & Chemicals, Inc. (APD) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Air Products & Chemicals (APD) Given News Sentiment Rating of 1.43 (americanbankingnews.com)
APD stock opened at $157.56 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.00 and a current ratio of 2.17. Air Products & Chemicals has a fifty-two week low of $148.44 and a fifty-two week high of $175.17. The stock has a market capitalization of $35.06 billion, a P/E ratio of 21.15, a PEG ratio of 1.65 and a beta of 1.08.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Investors of record on Wednesday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.79%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 59.06%.
A number of research firms have recently issued reports on APD. Sanford C. Bernstein began coverage on shares of Air Products & Chemicals in a research report on Monday, September 24th. They issued an “outperform” rating and a $202.00 price target on the stock. ValuEngine upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. BNP Paribas began coverage on shares of Air Products & Chemicals in a research report on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, October 1st. Finally, Vertical Research upgraded shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Fifteen equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $190.08.
In other news, Chairman Seifi Ghasemi acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average price of $160.11 per share, with a total value of $3,202,200.00. Following the acquisition, the chairman now directly owns 408,652 shares in the company, valued at $65,429,271.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.
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About Air Products & Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.
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