Airgas Receives Consensus Recommendation of “Hold” from Analysts (NYSE:ARG)
Airgas (NYSE:ARG) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the company, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $115.80.
A number of research firms have recently commented on ARG. 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.
Airgas (NYSE:ARG) opened at 109.97 on Tuesday. Airgas has a 52-week low of $99.32 and a 52-week high of $113.16. The stock has a 50-day moving average of $109.2 and a 200-day moving average of $107.2. The company has a market cap of $8.196 billion and a P/E ratio of 23.39.
Airgas (NYSE:ARG) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.18 EPS for the quarter, meeting the Thomson Reuters 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. Analysts expect that Airgas will post $5.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors 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.
Airgas, Inc is a supplier of industrial, medical and specialty gases, and hardgoods, such as welding equipment and related products.
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