Air Liquide SA (AIQUY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Air Liquide SA (NASDAQ:AIQUY) from a buy rating to a hold rating in a report issued on Tuesday.

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. “

Several other research firms have also recently issued reports on AIQUY. Goldman Sachs Group, Inc. (The) upgraded Air Liquide SA from a neutral rating to a buy rating in a report on Monday, October 2nd. Deutsche Bank AG upgraded Air Liquide SA from a hold rating to a buy rating in a report on Friday, June 16th.

Air Liquide SA (AIQUY) opened at 24.685 on Tuesday. The company’s 50-day moving average price is $25.34 and its 200-day moving average price is $24.60. The company has a market capitalization of $52.50 billion and a price-to-earnings ratio of 22.080. Air Liquide SA has a 52 week low of $19.58 and a 52 week high of $27.53.

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Institutional investors have recently modified their holdings of the company. Geneva Advisors LLC boosted its holdings in shares of Air Liquide SA by 104.8% during the 2nd quarter. Geneva Advisors LLC now owns 71,794 shares of the basic materials company’s stock worth $1,788,000 after purchasing an additional 36,735 shares during the last quarter. Lenox Wealth Management Inc. acquired a new position in shares of Air Liquide SA during the 2nd quarter worth approximately $1,521,000. Sterling Capital Management LLC boosted its holdings in shares of Air Liquide SA by 5.1% during the 2nd quarter. Sterling Capital Management LLC now owns 9,967 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 488 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Air Liquide SA by 11.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,006,758 shares of the basic materials company’s stock worth $25,073,000 after purchasing an additional 105,430 shares during the last quarter.

Air Liquide SA Company Profile

L’Air Liquide SA (Air Liquide) is a France-based company engaged in providing gases, technologies and services for industry and health with a presence in over 80 countries. The Company’s segments include Gas & Services, Engineering & Construction, and Global Markets & Technologies. The Gas & Services activity is organized into four geographic regions: Europe, Americas, Asia-Pacific, and Middle East and Africa.

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