Airgas Given Average Recommendation of “Hold” by Analysts (NYSE:ARG)
Airgas (NYSE:ARG) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $115.80.
ARG has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Airgas in a research note on Friday, July 25th. They now have a $115.00 price target on the stock, up previously from $110.00. 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.
Shares of Airgas (NYSE:ARG) opened at 110.21 on Tuesday. Airgas has a one year low of $99.32 and a one year high of $113.16. The stock has a 50-day moving average of $109.1 and a 200-day moving average of $107.1. The company has a market cap of $8.214 billion and a P/E ratio of 23.35.
Airgas (NYSE:ARG) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.18. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 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 2.6% on a year-over-year basis. On average, analysts predict that Airgas will post $5.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Thursday, September 11th.
In other Airgas news, CFO Robert M. Mclaughlin sold 24,000 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $108.67, for a total transaction of $2,608,080.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.
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