Air Products & Chemicals (APD) is Upgraded by Argus to Buy

Air Products & Chemicals (APD) was Upgraded by Argus to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Argus advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Air Products & Chemicals. Air Products & Chemicals was Upgraded by Argus to ” Buy” on Nov 21, 2016.

On the company’s financial health, Air Products & Chemicals reported $2.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $1.98. The company had revenue of $2463.00 million for the quarter, compared to analysts expectations of $2451.57 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS.

Air Products & Chemicals closed down -0.04 points or -0.03% at $137.96 with 15,59,209 shares getting traded on Monday. Post opening the session at $138, the shares hit an intraday low of $137.6 and an intraday high of $138.53 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Nov 16, 2016, Air Products & Chemicals announced a cash dividend of $0.8600. The company’s management has announced Dec 29, 2016 as the ex-dividend date and fixed the record date on Jan 3, 2017. The payable date has been fixed on Feb 13, 2017.

In a different news, on Aug 16, 2016, Russell A Flugel (Principal Accounting Officer) sold 2,050 shares at $151.53 per share price. According to the SEC, on Aug 15, 2016, John D. Stanley (SR VP and General Counsel) sold 9,597 shares at $150.00 per share price. On Aug 5, 2016, Guillermo Novo (Executive V.P.) sold 2,447 shares at $148.94 per share price, according to the Form-4 filing with the securities and exchange commission.

Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe Middle East and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.

Air Products & Chemicals

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