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Airgas (NYSE:ARG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, Stock Ratings reports. They currently have a $93.00 price target on the stock. Zacks‘ price objective would indicate a potential downside of 9.39% from the stock’s previous close.

Zacks‘ analyst wrote, “Airgas reported third-quarter fiscal 2014 adjusted earnings of $1.18 a share, up 13% year over year. For fiscal 2014, Airgas trimmed its EPS guidance range to $4.75-$4.80 from its previous band of $4.85 $5.00. Moreover, the company stated that attaining its fiscal 2016 sales target of $6.5 billion seems lofty given the sluggish industrial growth but stated that it is possible to reach the lower-end of its fiscal 2016 operating margin goal of 15%. Helium supply constraints, larger-than-expected R-22 impacts, uncertainty in the construction sector also remain headwinds. We have, thus, downgraded our recommendation on Airgas from Neutral to Underperform with a target price of $93.00.”

Shares of Airgas (NYSE:ARG) traded up 1.51% on Friday, hitting $104.19. The stock had a trading volume of 354,904 shares. Airgas has a 52 week low of $92.86 and a 52 week high of $113.16. The stock has a 50-day moving average of $108.7 and a 200-day moving average of $106.9. The company has a market cap of $7.686 billion and a price-to-earnings ratio of 22.17.

Airgas (NYSE:ARG) last issued its quarterly earnings data 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 $4.78 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 1.87%. The ex-dividend date is Wednesday, March 12th.

Other equities research analysts have also recently issued reports about the stock. Analysts at First Analysis upgraded shares of Airgas from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday. They now have a $125.00 price target on the stock. Separately, analysts at Susquehanna cut their price target on shares of Airgas from $107.00 to $104.00 in a research note to investors on Monday. Finally, 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, January 31st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $110.75.

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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