Air Liquide (AIQUY) Raised 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 research note issued to investors on Monday morning. Zacks Investment Research currently has $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 also recently issued reports about the company. UBS Group upgraded Air Liquide from a sell rating to a neutral rating in a research report on Thursday, December 7th. Goldman Sachs Group upgraded Air Liquide from a neutral rating to a buy rating in a research report on Monday, October 2nd. Finally, Jefferies Group upgraded Air Liquide from a hold rating to a buy rating in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $29.00.
Institutional investors and hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its stake in Air Liquide by 16.4% during 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 purchasing an additional 163,542 shares during the period. Sterling Capital Management LLC grew its stake in Air Liquide by 71.3% during the third quarter. Sterling Capital Management LLC now owns 17,069 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 7,102 shares during the period. Finally, Lenox Wealth Management Inc. grew its stake in Air Liquide by 52.9% during the third quarter. Lenox Wealth Management Inc. now owns 93,336 shares of the basic materials company’s stock worth $2,490,000 after purchasing an additional 32,281 shares during the period. Institutional investors own 0.07% of the company’s stock.
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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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