Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ CEO to Speak at Goldman Sachs Basic Materials Conference on May 17

[PR Newswire] – LEHIGH VALLEY, Pa., May 10, 2016 /PRNewswire/ — Air Products (NYSE: APD) today announced that Chairman, President and CEO Seifi Ghasemi will present at the Goldman Sachs Basic Materials Conference in … Read more on this. Air Products and Chemicals, Inc. (APD) , currently valued at $31.02B, started trading this morning at $143.16. During the trading session, APD traded between $142.33 to $143.65 with the price of the stock fluctuating between $114.64 to $152.16 over the last 52 weeks. APD shares are currently priced at 19.09x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.02x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.44 per share annually in dividends, yielding 2.38%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.89 per share, which would be $0.24 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.47 is a $0.90 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.41 Billion. If reported, that would be a 2.43% decrease over the year-ago quarter. More recently, Deutsche Bank downgraded APD from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts upgraded APD from Sector Weight to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $154.94, which is 8.23% above where the stock opened this morning. 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 Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ Materials Technologies to Increase Prices for Electronics Offerings