Zacks Investment Research Upgrades L’Air Liquide (OTCMKTS:AIQUY) to “Hold”

L’Air Liquide (OTCMKTS:AIQUYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, 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 research firms have also weighed in on AIQUY. The Goldman Sachs Group raised L’Air Liquide from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 26th. Credit Suisse Group started coverage on L’Air Liquide in a research report on Tuesday, April 26th. They set an “outperform” rating on the stock. Berenberg Bank lifted their target price on L’Air Liquide from €152.00 ($161.70) to €160.00 ($170.21) in a report on Friday, April 22nd. Kepler Capital Markets lowered L’Air Liquide from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Finally, Morgan Stanley increased their price objective on L’Air Liquide from €152.00 ($161.70) to €155.00 ($164.89) in a research note on Friday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $150.00.

AIQUY stock traded up $0.04 during trading on Tuesday, hitting $34.65. 99,661 shares of the company traded hands, compared to its average volume of 187,229. L’Air Liquide has a 1 year low of $29.82 and a 1 year high of $36.29. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $34.38 and a 200-day moving average of $34.14.

Several large investors have recently bought and sold shares of the business. Hancock Whitney Corp raised its holdings in shares of L’Air Liquide by 2.7% in the fourth quarter. Hancock Whitney Corp now owns 18,233 shares of the basic materials company’s stock valued at $635,000 after buying an additional 483 shares during the last quarter. Private Capital Group LLC grew its position in shares of L’Air Liquide by 14.9% in the fourth quarter. Private Capital Group LLC now owns 3,999 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 520 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of L’Air Liquide by 4.7% in the first quarter. PNC Financial Services Group Inc. now owns 12,239 shares of the basic materials company’s stock valued at $433,000 after purchasing an additional 546 shares during the last quarter. Mar Vista Investment Partners LLC grew its position in shares of L’Air Liquide by 69.9% in the third quarter. Mar Vista Investment Partners LLC now owns 1,415 shares of the basic materials company’s stock valued at $45,000 after purchasing an additional 582 shares during the last quarter. Finally, Scout Investments Inc. boosted its position in L’Air Liquide by 0.7% during the fourth 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. Institutional investors and hedge funds own 0.02% of the company’s stock.

About L’Air Liquide (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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