Airgas’s Hold Rating Reaffirmed at Deutsche Bank (ARG)
Airgas (NYSE:ARG)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Friday. They currently have a $115.00 price objective on the stock, up from their previous price objective of $110.00. Deutsche Bank’s target price would suggest a potential upside of 5.51% from the stock’s previous close.
Shares of Airgas (NYSE:ARG) traded up 1.39% during mid-day trading on Friday, hitting $110.50. 446,003 shares of the company’s stock traded hands. Airgas has a 1-year low of $99.32 and a 1-year high of $113.16. The stock’s 50-day moving average is $108.9 and its 200-day moving average is $107.2. The company has a market cap of $8.209 billion and a price-to-earnings ratio of 23.29.
Airgas (NYSE:ARG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.18 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.18. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $1.14 earnings per share. Airgas’s revenue was up 2.6% 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Airgas in a research note on Wednesday, July 9th. 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $113.91.
Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.
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