Airgas Inc. Hits New 52-Week High at $106.65 (ARG)
Airgas (NYSE:ARG)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network.com reports. The stock traded as high as $106.65 and last traded at $106.61, with a volume of 174,589 shares traded. The stock had previously closed at $104.30.
A number of research firms have recently commented on ARG. Analysts at Deutsche Bank raised their price target on shares of Airgas (NYSE:ARG) from $102.00 to $115.00 in a research note to investors on Thursday, August 8th. Separately, analysts at Jefferies Group raised their price target on shares of Airgas (NYSE:ARG) from $110.00 to $126.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Airgas (NYSE:ARG) from $90.00 to $107.00 in a research note to investors on Monday, July 29th. They now have a “neutral” rating on the stock.
One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $109.56.
Airgas has a 52 week low of $78.49 and a 52 week high of $106.63. The stock has a 50-day moving average of $103.6 and a 200-day moving average of $100.1. The company has a market cap of $7.854 billion and a price-to-earnings ratio of 24.05.
Airgas (NYSE:ARG) last released its earnings data on Thursday, July 25th. The company reported $1.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.16 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $1.13 earnings per share. Airgas’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Airgas will post $5.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, September 11th.
Airgas, Inc (NYSE:ARG) is a distributor of industrial, medical and specialty gases (delivered in packaged or cylinder form), and hardgoods, such as welding equipment and supplies.
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