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Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Logo Unveiled for Air Products’ Spin-Off Company Versum Materials

[PR Newswire] – LEHIGH VALLEY, Pa., Dec. 23, 2015 /PRNewswire/ — Air Products’ (NYSE:APD) Materials Technologies business spin-off company Versum Materials today unveiled what will become the company’s new logo. Prior to the separation date, which is expected to be no later than September 2016, the company is expected to commence using its new logo. “Unveiling the logo for Versum Materials is another important step in our journey to operate Versum Materials separately with a distinct identity, brand and purpose. Read more on this. Air Products and Chemicals, Inc. (APD) , currently valued at $28.69B, started the session at $132.63. Looking at today’s market, APD one day range is $132.02 to $133.36 and has traded between $123.66 and $158.20 over the past 12 months. Priced at 17.58x this year’s forecasted earnings, APD shares are relatively expensive compared to the industry’s 11.40x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.24 per share annually in dividends, yielding 2.53%. According to a consensus of 16 analysts, the earnings estimate of $1.71 per share would be $0.16 better than the year-ago quarter and a $0.10 sequential decrease. Investors should also note that the full-year EPS estimate of $7.39 is a $0.82 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.45 Billion. If reported, that would be a 4.30% decrease over the year-ago quarter. In terms of ratings, Global Hunter Securities upgraded APD from Neutral to Accumulate (Aug 4, 2015). Previously, Global Hunter Securities Initiated APD at to Neutral. The average price target for APD shares by the analysts covering the stock is $154.25, which is 16.30% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: 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 Company Update: Air Products & Chemicals Inc (NYSE:APD) – Versum Materials is the selected name for the Materials Technologies Business spin-off of Air Products
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