Airgas Given Consensus Rating of “Hold” by Analysts (NYSE:ARG)
Airgas (NYSE:ARG) has received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $113.45.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Airgas in a research note on Wednesday. They now have a $126.00 price target on the stock, up previously from $116.00. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Airgas in a research note on Thursday, May 22nd. They now have a $95.00 price target on the stock. Finally, 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.
Airgas (NYSE:ARG) opened at 109.34 on Wednesday. Airgas has a 52-week low of $99.14 and a 52-week high of $113.16. The stock’s 50-day moving average is $108.1 and its 200-day moving average is $107.3. The company has a market cap of $8.123 billion and a P/E ratio of 23.40.
Airgas (NYSE:ARG) last released its earnings data 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.
Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.
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