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Company Update (NYSE:APD): Air Products to Highlight Industrial Gases and Related Technologies for Pharmaceutical and Biotechnology Industries at INTERPHEX 2016

[PR Newswire] – LEHIGH VALLEY, Pa., April 18, 2016 /PRNewswire/ — Air Products (NYSE: APD) will illustrate the value the company can provide to the pharmaceutical and biotechnology industries through its reliable industrial gas supply and advanced gas technologies at INTERPHEX 2016 in New York City from April 26-28. INTERPHEX attendees are invited to stop by booth 2464 to discover the many ways Air Products’ industrial gases and related technologies can help them improve process efficiency and safety, as well as lower overall costs. A team of knowledgeable representatives will be on-hand at the Air Products booth to share best practices in material handling using nitrogen blanketing and purging, oxidation technologies, and improved fermentation using pure oxygen atmosphere. Read more on this. Air Products and Chemicals, Inc. (APD) , with a current market cap of $31.49B, opened at $144.66. Shares have traded today between $144.13 and $146.42 per share with its 52-week range being $114.64 to $153.58. APD shares are currently priced at 19.55x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.11x forward p/e ratio. And for passive income investors, the company pays shareholders $3.44 per share annually in dividends, yielding 2.37%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.81 per share, which would be $0.26 better than the year-ago quarter and a $0.06 sequential increase. Investors should also note that the full-year EPS estimate of $7.42 is a $0.85 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.37 Billion. If reported, that would be a 1.66% 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. Given all the information above, we should disclose to readers that the average price target is $148.94, which is 2.96% above than it opened this morning. See more in (NYSE:APD) Similar Articles: Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products to Feature Industrial Gases and Technologies to Help Improve Foundry Operations at CastExpo 2016 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
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