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Airgas (NYSE:ARG) has been given a “BBB” credit rating by Morningstar. The firm’s “BBB” rating suggests that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.

ARG has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Airgas from an “underperform” rating to a “neutral” rating in a research note on Friday. They now have a $116.00 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $115.82.

Airgas (NYSE:ARG) traded up 0.26% during mid-day trading on Monday, hitting $110.38. The stock had a trading volume of 166,167 shares. 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 $109.3 and a 200-day moving average of $107.5. The company has a market cap of $8.227 billion and a price-to-earnings ratio of 23.32.

Airgas (NYSE:ARG) last announced its 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 prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue 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. 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 1.99%. The ex-dividend date is Thursday, September 11th.

In other Airgas news, VP Thomas M. Smyth sold 9,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $109.84, for a total value of $988,560.00. The transaction was disclosed in a legal filing 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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