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Market Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products Receives PED Certification for New Biogas Membrane Separators

[PR Newswire] – LEHIGH VALLEY, Pa., Jan. 19, 2016 /PRNewswire/ — Air Products’ (NYSE: APD) PRISM Membranes division in Saint Louis, Missouri, has received PED (Pressure Equipment Directive) certification for two new … Read more on this. Air Products and Chemicals, Inc. (APD) , valued at $25.76B, began trading this morning at $118.79. Looking at the stock, its one day range is $117.33 to $120.14 with a one year range of $114.86 to $158.20. Air Products (APD) shares are currently priced at 15.96x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.42x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.24 per share annually in dividends, yielding 2.74%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.71 per share, which would be $0.16 better than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $7.38 is a $0.81 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.43 Billion. If reported, that would be a 5.08% 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 $151.00, which is 27.12% 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’ Materials Technologies to Increase Prices for Electronics Offerings Company Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ CEO to Address Morgan Stanley Global Chemicals and Agriculture Conference on 10 November
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