Jefferies Group Lowers Airgas Price Target to $121.00 (ARG)
Research analysts at Jefferies Group reduced their price target on shares of Airgas (NYSE:ARG) from $126.00 to $121.00 in a report released on Friday, AnalystRatingsNetwork.com reports. Jefferies Group’s price objective points to a potential upside of 17.20% from the stock’s previous close.
Airgas (NYSE:ARG) traded down 2.09% on Friday, hitting $103.24. 1,207,250 shares of the company’s stock traded hands. Airgas has a 1-year low of $92.86 and a 1-year high of $113.16. The stock’s 50-day moving average is $109.7 and its 200-day moving average is $106.9. The company has a market cap of $7.614 billion and a price-to-earnings ratio of 23.05.
Airgas (NYSE:ARG) last announced its earnings results on Friday, January 31st. The company reported $1.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.18. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.28 billion. Analysts expect that Airgas will post $4.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of 0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, March 12th.
Other equities research analysts have also recently issued reports about the stock. 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, January 15th. They now have a $101.00 price target on the stock. 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $111.55.
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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