Market Update (NYSE:APD): Air Products’ Versum Materials™ to Showcase InuMax Advanced Retinol Delivery System at NYSCC Suppliers Day 2016

[PR Newswire] – LEHIGH VALLEY, Pa., May 4, 2016 /PRNewswire/ — Air Products’ (NYSE: APD) Versum Materials™ will be highlighting its innovative InuMax Advanced Retinol Cosmetic Active during the New York Society of Cosmetic … Read more on this. Air Products and Chemicals, Inc. (APD) , with a current value of $30.89B, opened at $142.38. Today, shares have traded between $142.03 and $143.24 per share with a trailing 52-week range being $114.64 to $152.16. Priced at 19.16x this year’s forecasted earnings, APD shares are relatively expensive compared to the industry’s 12.02x forward p/e ratio. The company pays shareholders $3.44 per share in dividend income per year, for a current yield of 2.36%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.91 per share, which would be $0.26 better than the year-ago quarter and a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $7.47, which would be a $0.90 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.44 Billion. If realized, that would be a 1.21% 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. The average price target for APD shares by the analysts covering it is $155.11, which is 8.94% above where the stock opened. See more in (NYSE:APD) Similar Articles: Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Logo Unveiled for Air Products’ Spin-Off Company Versum Materials Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Moves Forward with its Materials Technologies Business Spin-Off to Versum Materials Company Update: Air Products & Chemicals Inc (NYSE:APD) – Versum Materials is the selected name for the Materials Technologies Business spin-off of Air Products