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Stock Update (NYSE:APD): Air Products to Introduce New Dew Point Monitoring System at POWDERMET2016

[PR Newswire] – LEHIGH VALLEY, Pa., May 31, 2016 /PRNewswire/ — Air Products ( NYSE:APD ) is committed to helping metals processors around the world improve product quality, reduce operating costs, increase yields, and … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $30.76B, began trading this morning at $143.68. Looking at today’s market, APD one day range is $142.28 to $143.68 with a trailing 52-week range being $114.64 to $152.16. APD shares are currently priced at 19.13x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 1.31x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.44 per share annually in dividends, yielding 2.40%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.91 per share, which would be $0.26 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $7.48 is a $0.91 better 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 $2.42 Billion. If realized, that would be a 2.02% decrease over the year-ago quarter. More 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 $155.25, which is 8.05% above where the stock opened. See more in (NYSE:APD) Similar Articles: Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ CEO to Speak at Goldman Sachs Basic Materials Conference on May 17 Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Logo Unveiled for Air Products’ Spin-Off Company Versum Materials Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ Materials Technologies to Increase Prices for Electronics Offerings
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