Air Liquide (OTCMKTS: AIQUY) demoted to sell at Zacks Investment Research
Air Liquide (OTCMKTS: AIQUY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note released Tuesday, Zacks.com reports.
According to Zacks, “Air Liquide’s core business is supplying oxygen, nitrogen, hydrogen and many other gases and services to most industries (for example: steel, petroleum refining , chemicals, glass, electronics, health, agrifood, metallurgy, paper and Their global presence (130 subsidiaries in more than 65 countries) allows them to combine the resources and expertise of a global company with a strong local presence based on independent customer-oriented teams.
Several other research firms also commented on AIQUY. JPMorgan Chase & Co. reissued an “overweight” rating on L’Air Liquide shares in a report on Friday July 30th. The UBS Group reissued a “buy” note on L’Air Liquide shares in a report on Wednesday July 14th. Morgan Stanley reaffirmed an “equal weight” rating on L’Air Liquide shares in a research note on Tuesday, July 6. Wolfe Research began covering the shares of L’Air Liquide in a research note on Wednesday, June 9. They issued an “underperformance” rating for the company. Finally, HSBC upgraded L’Air Liquide’s shares from a “hold” rating to a “buy” rating in a research note on Tuesday, June 15. Two analysts gave the stock a sell rating, two assigned a conservation rating, and six gave the company’s stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $ 39.00.
Shares of L’Air Liquide traded up $ 0.06 during trading hours on Tuesday, reaching $ 35.32. 82,292 company shares were traded, for an average volume of 66,336. Air Liquide has a one-year minimum at $ 28.90 and a one-year maximum at $ 36.26. The stock’s fifty-day moving average is $ 35.18 and its 200-day moving average is $ 34.17. The company has a leverage ratio of 0.51, a quick ratio of 0.57, and a current ratio of 0.74. The company has a market cap of $ 83.66 billion, a PE ratio of 29.93, a PEG ratio of 4.45 and a beta of 0.63.
Institutional investors and hedge funds have recently changed their positions in the company. Boston Private Wealth LLC increased its stake in L’Air Liquide by 5.1% during the first quarter. Boston Private Wealth LLC now owns 7,574 shares of the basic materials company valued at $ 248,000 after purchasing an additional 367 shares during the period. PNC Financial Services Inc. Group increased its position in L’Air Liquide by 6.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,983 shares of the basic materials company valued at $ 294,000 after purchasing an additional 569 shares during the period. PNC Financial Services Group Inc. increased its position in L’Air Liquide by 5.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,468 shares of the basic materials company valued at $ 332,000 after purchasing an additional 485 shares during the period. Hancock Whitney Corp increased its position in L’Air Liquide by 12.9% in the first quarter. Hancock Whitney Corp now owns 15,939 shares of the basic materials company valued at $ 521,000 after purchasing an additional 1,826 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new stake in L’Air Liquide in the second quarter for a value of approximately $ 870,000. Institutional investors and hedge funds own 0.11% of the company’s shares.
Company profile L’Air Liquide
Air Liquide SA deals with the supply of gas to large companies in industry and health. It operates through the following segments: Gas and Services, Engineering and Construction, and Global Markets and Technology. The activities of the Gas & Services segment are organized by geographic areas, which determine commercial policies and development projects.
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