Airgas Price Target Raised to $106.00 at Susquehanna (ARG)
Research analysts at Susquehanna boosted their price target on shares of Airgas (NYSE:ARG) from $104.00 to $106.00 in a report released on Wednesday, American Banking & Market News reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price would indicate a potential upside of 0.70% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Airgas in a research note on Friday, May 2nd. They now have a $110.00 price target on the stock, down previously from $115.00. Separately, analysts at Robert W. Baird cut their price target on shares of Airgas from $116.00 to $115.00 in a research note on Friday, May 2nd. Finally, analysts at Jefferies Group cut their price target on shares of Airgas from $121.00 to $116.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $112.36.
Shares of Airgas (NYSE:ARG) opened at 105.26 on Wednesday. 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 $106.3 and its 200-day moving average is $107.6. The company has a market cap of $7.787 billion and a P/E ratio of 22.46.
Airgas (NYSE:ARG) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.20 by $0.03. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $1.14 earnings per share. Airgas’s revenue was up .4% compared to the same quarter last year. On average, analysts predict that Airgas will post $5.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, June 11th. This is a boost from Airgas’s previous quarterly dividend of $0.48.
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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