Airgas Inc. Hits New 52-Week High at $112.71 (ARG)
Shares of Airgas (NYSE:ARG) hit a new 52-week high on Friday, Analyst Ratings Network.com reports. The company traded as high as $112.71 and last traded at $112.04, with a volume of 434,674 shares trading hands. The stock had previously closed at $111.80.
A number of research firms have recently commented on ARG. Analysts at Goldman Sachs Group Inc. downgraded shares of Airgas from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday. They now have a $101.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Airgas in a research note to investors on Wednesday, December 4th. They now have a $113.00 price target on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of Airgas from $121.00 to $116.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $112.00.
Airgas has a 1-year low of $88.60 and a 1-year high of $112.60. The stock’s 50-day moving average is $109. and its 200-day moving average is $106.1. The company has a market cap of $8.271 billion and a price-to-earnings ratio of 24.44.
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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