Airgas Receives Average Rating of “Hold” from Analysts (NYSE:ARG)
Airgas (NYSE:ARG) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, ARN reports. Two 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 average twelve-month target price among analysts that have covered the stock in the last year is $112.36.
Shares of Airgas (NYSE:ARG) traded up 0.15% on Thursday, hitting $104.88. 57,433 shares of the company’s stock traded hands. Airgas has a one year low of $92.86 and a one year high of $113.16. The stock has a 50-day moving average of $106.1 and a 200-day moving average of $107.4. The company has a market cap of $7.758 billion and a price-to-earnings ratio of 22.38.
Airgas (NYSE:ARG) last announced its earnings results on Thursday, May 1st. The company reported $1.17 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Airgas will post $5.10 EPS 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 2.10%. The ex-dividend date of this dividend is Wednesday, June 11th. This is a boost from Airgas’s previous quarterly dividend of $0.48.
A number of analysts have recently weighed in on ARG shares. Analysts at Susquehanna raised their price target on shares of Airgas from $104.00 to $106.00 in a research note on Wednesday, May 7th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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.
Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.
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