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Market Update (NYSE:APD): Air Products to Highlight Its World-Leading Liquefied Natural Gas Technology and Equipment at LNG18 Conference in Australia

[PR Newswire] – LEHIGH VALLEY, Pa., March 28, 2016 /PRNewswire/ — Air Products (APD), the world’s leader in liquefied natural gas (LNG) technology and equipment, will be making a number of technical presentations and exhibiting the company’s technology solutions for a full range of LNG plants at the LNG18 International Conference & Exhibition in Perth, Australia, from April 11-15. Conference attendees are invited to stop by booth 1284 to speak with one of Air Products’ industry specialists about the company’s highly efficient, cost-effective process cycles and main cryogenic heat exchange equipment, which is the heart of an LNG facility. The company provides world-class solutions for a full range of LNG plants—whether an onshore plant or offshore, a very small plant or a mega train, in a tropical location or an arctic climate. Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $30.81B, opened this morning at $142.36. During today’s session, APD traded between $141.96 to $143.64 with a one year range of $114.64 to $154.55. Air Products (APD) shares are currently priced at 19.11x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.71x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $3.24 per share annually in dividends, yielding 2.29%. 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 $7.42 would be a $0.85 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.38 Billion. If reported, that would be a 1.24% decrease over the year-ago quarter. Recently, KeyBanc Capital Mkts upgraded APD from Sector Weight to Overweight (Jan 11, 2016). Previously, Citigroup downgraded APD from Buy to Neutral. The average price target for APD shares by the analysts covering the stock is $146.61, which is 2.99% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: Stock Update (NYSE:APD): Air Products to Highlight Freezing and Chilling Solutions for Seafood Processors at Seafood Expo North America 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 Water-based Degreasing Solutions at Cleaning Products USA Conference 2015
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