L’Air Liquide (OTCMKTS:AIQUY) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of L’Air Liquide (OTCMKTS:AIQUYGet Rating) from a hold rating to a sell rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Air Liquide’s core business is to supply oxygen, nitrogen, hydrogen and many other gases and services to most industries (for example: steel, oil refining, chemicals, glass, electronics, healthcare, food processing, metallurgy, paper and aerospace). Their global presence (130 subsidiaries in more than 65 countries) allows them to combine the resources and expertise of a global enterprise with a powerful local presence based on independent customer-focused teams. “

A number of other analysts also recently commented on the company. Morgan Stanley increased their price target on L’Air Liquide from €152.00 ($160.00) to €155.00 ($163.16) in a research report on Friday, February 18th. The Goldman Sachs Group raised L’Air Liquide from a neutral rating to a buy rating in a report on Wednesday, January 26th. UBS Group increased their price objective on L’Air Liquide from €173.00 ($182.11) to €177.00 ($186.32) and gave the company a buy rating in a report on Tuesday, April 5th. Barclays increased their price objective on L’Air Liquide from €185.00 ($194.74) to €187.00 ($196.84) in a report on Friday, April 22nd. Finally, Credit Suisse Group assumed coverage on L’Air Liquide in a report on Tuesday, April 26th. They issued an outperform rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $150.00.

Shares of AIQUY opened at $35.07 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $33.94 and a 200 day moving average of $34.14. L’Air Liquide has a 12 month low of $29.82 and a 12 month high of $36.29.

A number of institutional investors have recently bought and sold shares of the business. Hancock Whitney Corp boosted its position in shares of L’Air Liquide by 2.7% in the 4th quarter. Hancock Whitney Corp now owns 18,233 shares of the basic materials company’s stock worth $635,000 after purchasing an additional 483 shares in the last quarter. Private Capital Group LLC boosted its position in shares of L’Air Liquide by 14.9% in the 4th quarter. Private Capital Group LLC now owns 3,999 shares of the basic materials company’s stock worth $139,000 after purchasing an additional 520 shares in the last quarter. Mar Vista Investment Partners LLC raised its holdings in L’Air Liquide by 69.9% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 1,415 shares of the basic materials company’s stock worth $45,000 after acquiring an additional 582 shares during the last quarter. Scout Investments Inc. raised its holdings in L’Air Liquide by 0.7% in the 4th quarter. Scout Investments Inc. now owns 99,192 shares of the basic materials company’s stock worth $3,459,000 after acquiring an additional 690 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in L’Air Liquide by 276.7% in the 3rd quarter. Ancora Advisors LLC now owns 1,228 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 902 shares during the last quarter. 0.02% of the stock is currently owned by institutional investors and hedge funds.

L’Air Liquide Company Profile (Get Rating)

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company's Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.

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