Airgas Given New $121.00 Price Target at Robert W. Baird (ARG)
Investment analysts at Robert W. Baird increased their price target on shares of Airgas (NYSE:ARG) from $114.00 to $121.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 11.19% from the company’s current price.
Airgas (NYSE:ARG) traded up 0.23% on Friday, hitting $108.82. 295,923 shares of the company’s stock traded hands. Airgas has a 52-week low of $78.49 and a 52-week high of $109.37. The stock has a 50-day moving average of $104.3 and a 200-day moving average of $100.5. The company has a market cap of $7.999 billion and a price-to-earnings ratio of 25.03.
Airgas (NYSE:ARG) last announced its earnings results on Thursday, July 25th. The company reported $1.14 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Airgas will post $5.06 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities upgraded shares of Airgas (NYSE:ARG) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $130.00 price target on the stock, up previously from $107.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Airgas (NYSE:ARG) in a research note to investors on Thursday, September 26th. They now have a $111.00 price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Airgas currently has a consensus rating of “Hold” and a consensus target price of $112.82.
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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