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Company Update (NYSE:APD): Air Products’ World-Class Air Separation Unit Project in Yulin, Western China Fully Onstream

[PR Newswire] – LEHIGH VALLEY, Pa., Jan. 28, 2016 /PRNewswire/ — Air Products (NYSE: APD), a world-leading industrial gases company, today announced its four air separation unit (ASU) trains built for Shaanxi Future … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $25.64B, began trading this morning at $118.73. Looking at today’s trading action, the company’s one day range from $118.07 to $120.44 with its 52-week range being $114.64 to $158.20. APD shares are currently priced at 16.04x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.33x earnings multiple. And for dividend hunters, the company pays shareholders $3.24 per share annually in dividends, yielding 2.79%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $1.71 per share, which would be $0.16 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $7.36 is a $0.79 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.44 Billion. If reported, that would be a 4.69% 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. Given all the information above, we should disclose to readers that the average price target is $148.41, which is 25.00% above than it opened this morning. See more in (NYSE:APD) Similar Articles: 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 To Build World-Class SMR in Baytown, Texas Company Update (NYSE:APD): Air Products Wins Hydrogen Supply Agreement for Pallas’ Texas Project
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