Air Liquide (AIQUY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Air Liquide (OTCMKTS:AIQUY) from a hold rating to a buy rating in a report published on Monday morning. They currently have $29.00 target price on the basic materials company’s stock.

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. “

Other equities analysts have also issued reports about the stock. Goldman Sachs Group upgraded shares of Air Liquide from a neutral rating to a buy rating in a research report on Tuesday, October 3rd. Jefferies Group upgraded shares of Air Liquide from a hold rating to a buy rating in a research report on Monday, December 11th. Finally, UBS Group upgraded shares of Air Liquide from a sell rating to a neutral rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $29.00.

Air Liquide (OTCMKTS:AIQUY) opened at $26.67 on Monday. Air Liquide has a 12-month low of $19.31 and a 12-month high of $26.77. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.73.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its stake in shares of Air Liquide by 16.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,159,939 shares of the basic materials company’s stock worth $30,947,000 after acquiring an additional 163,542 shares during the last quarter. Lenox Wealth Management Inc. raised its stake in shares of Air Liquide by 52.9% in the third quarter. Lenox Wealth Management Inc. now owns 93,336 shares of the basic materials company’s stock worth $2,490,000 after acquiring an additional 32,281 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Air Liquide by 71.3% in the third quarter. Sterling Capital Management LLC now owns 17,069 shares of the basic materials company’s stock worth $455,000 after acquiring an additional 7,102 shares during the last quarter. 0.07% of the stock is owned by institutional investors.

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Air Liquide 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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