Airgas Downgraded by Atlantic Securities to Neutral (ARG)
Airgas (NYSE:ARG) was downgraded by stock analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at BGC Financial downgraded shares of Airgas from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. They now have a $115.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Airgas from a “neutral” rating to an “underperform” rating in a research note on Friday, February 7th. They now have a $93.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Airgas in a research note on Tuesday, February 4th. They now have a $111.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $113.50.
Shares of Airgas (NYSE:ARG) opened at 107.66 on Tuesday. Airgas has a one year low of $92.86 and a one year high of $113.16. The stock’s 50-day moving average is $106.7 and its 200-day moving average is $107.9. The company has a market cap of $7.963 billion and a P/E ratio of 23.13.
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. On average, analysts predict that Airgas will post $4.77 earnings per share 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.