Somewhat Positive Press Coverage Somewhat Unlikely to Affect Air Products and Chemicals (APD) Share Price
News articles about Air Products and Chemicals (NYSE:APD) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Air Products and Chemicals earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.5935294843048 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Air Products and Chemicals, Inc. (APD) Rating Reiterated by Jefferies Group LLC (americanbankingnews.com)
- LyondellBasell Starts Production at New PP Compounding Plant – Nasdaq (nasdaq.com)
- Eastman Chemical (EMN) to Increase Prices of Platicizers – Nasdaq (nasdaq.com)
- Air Products : Appoints Naji Skaf Vice President and Managing Director for Industrial Gases in the Middle East, Egypt and Turkey (4-traders.com)
- Q2 2018 EPS Estimates for Air Products and Chemicals, Inc. Increased by Analyst (APD) (americanbankingnews.com)
Shares of Air Products and Chemicals (NYSE APD) traded down 0.08% during midday trading on Friday, reaching $151.22. 971,221 shares of the company’s stock were exchanged. Air Products and Chemicals has a one year low of $129.00 and a one year high of $152.26. The firm has a 50 day moving average of $146.74 and a 200-day moving average of $142.94. The stock has a market cap of $32.96 billion, a price-to-earnings ratio of 11.36 and a beta of 1.25.
Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.92 earnings per share. On average, equities research analysts anticipate that Air Products and Chemicals will post $6.23 earnings per share for the current 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 issued a dividend of $0.95 per share. The ex-dividend date is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a yield of 2.51%. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.
Several brokerages have commented on APD. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Air Products and Chemicals in a research report on Friday, August 4th. KeyCorp reiterated a “buy” rating and issued a $161.00 target price on shares of Air Products and Chemicals in a research note on Friday, September 8th. Argus increased their target price on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Vertical Research reissued a “hold” rating and set a $148.00 target price (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $156.79.
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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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