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Market Update (NYSE:APD): Air Products Will Feature Gases and Technologies to Help Steelmakers Improve Efficiency and Lower Costs at AISTech 2016

[PR Newswire] – LEHIGH VALLEY, Pa., May 11, 2016 /PRNewswire/ — Air Products ( NYSE:APD ) will feature its range of industrial gases and cost-efficient technologies for the steel industry at AISTech 2016 in Pittsburgh, … Read more on this. Air Products and Chemicals, Inc. (APD) , with a current market cap of $30.90B, opened at $144.27. Today, shares have traded between $142.93 and $144.71 per share and has traded between $114.64 and $152.16 over the past 12 months. APD shares are currently priced at 19.35x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.02x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.44 per share annually in dividends, yielding 2.38%. According to a consensus of 16 analysts, the earnings estimate of $1.89 per share would be $0.24 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $7.46 is a $0.89 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. Recently, 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 $155.88, which is 8.05% above where the stock opened. See more in (NYSE:APD) Similar Articles: Company Update (NYSE:APD): Air Products to Highlight Industrial Gases and Related Technologies for Pharmaceutical and Biotechnology Industries at INTERPHEX 2016 Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products to Feature Industrial Gases and Technologies to Help Improve Foundry Operations at CastExpo 2016 Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ Materials Technologies to Increase Prices for Electronics Offerings
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