Susquehanna Lowers Airgas Price Target to $104.00 (ARG)
Equities researchers at Susquehanna reduced their price target on shares of Airgas (NYSE:ARG) from $107.00 to $104.00 in a research report issued on Monday, AR Network reports. Susquehanna’s target price points to a potential upside of 3.82% from the stock’s previous close.
Airgas (NYSE:ARG) traded down 2.97% during mid-day trading on Monday, hitting $100.17. 832,700 shares of the company’s stock traded hands. Airgas has a 52 week low of $92.86 and a 52 week high of $113.16. The stock’s 50-day moving average is $109.6 and its 200-day moving average is $107.0. The company has a market cap of $7.389 billion and a price-to-earnings ratio of 22.30.
Airgas (NYSE:ARG) last announced its earnings results on Friday, January 31st. The company reported $1.18 EPS for the quarter, meeting the Thomson Reuters 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 $4.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of 0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Wednesday, March 12th.
ARG has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Airgas from $126.00 to $121.00 in a research note to investors on Friday. Separately, 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. Finally, 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, four have given a hold rating and four have issued a buy rating to the stock. Airgas currently has an average rating of “Hold” and a consensus price target of $112.42.
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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