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Stock Update (NYSE:APD): Air Products to Highlight Freezing and Chilling Solutions for Seafood Processors at Seafood Expo North America

[PR Newswire] – LEHIGH VALLEY, Pa., Feb. 29, 2016 /PRNewswire/ — Air Products (NYSE: APD) will highlight its portfolio of Freshline ® freezing and chilling solutions , which can help seafood processors improve production … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $28.57B, began trading this morning at $133.43. Today, shares have traded between $132.41 and $134.76 per share and has traded between $114.64 and $158.20 over the past year. APD shares are currently priced at 18.04x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.27x forward p/e ratio. The company pays shareholders $3.24 per share in dividend income per year, for a current yield of 2.44%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.80 per share, which would be $0.25 better than the year-ago quarter and a $0.04 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $7.41 would be a $0.84 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.37 Billion. If realized, that would be a 1.66% decrease over the year-ago quarter. More recently, KeyBanc Capital Mkts upgraded APD from Sector Weight to Overweight (Jan 11, 2016). Previously, Citigroup downgraded APD from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $145.72, which is 9.21% above than it opened this morning. See more in (NYSE:APD) Similar Articles: Stock Update (NYSE:APD): Air Products to Highlight Technology Solutions for a Full Range of Liquefied Natural Gas Plants at Gastech in Singapore Company Update (NYSE:APD): Air Products to Highlight Latest Gas Technologies for Metals Processors and Share New Developments in Atmosphere Furnaces at Heat Treat 2015 Company Update (NYSE:APD): Air Products to Highlight Water-based Degreasing Solutions at Cleaning Products USA Conference 2015
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