Airgas Inc. Sets New 1-Year High at $109.69 (ARG)
Airgas (NYSE:ARG) set a new 52-week high during trading hours on Monday, AnalystRatings.NET reports. The company traded as high as $109.69 and last traded at $109.60, with a volume of 142,491 shares. The stock had previously closed at $108.45.
Several analysts have recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Airgas from $114.00 to $121.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Separately, analysts at Global Hunter Securities upgraded shares of Airgas from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 1st. They now have a $130.00 price target on the stock, up previously from $107.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Airgas in a research note to investors on Thursday, September 26th. They now have a $111.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Airgas presently has a consensus rating of “Hold” and a consensus target price of $112.82.
Airgas has a one year low of $78.49 and a one year high of $109.37. The stock’s 50-day moving average is $105.3 and its 200-day moving average is $100.8. The company has a market cap of $8.046 billion and a P/E ratio of 25.01.
Airgas (NYSE:ARG) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts expect that Airgas will post $5.06 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.