L’Air Liquide (OTCMKTS:AIQUY) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of L’Air Liquide (OTCMKTS:AIQUY) from a hold rating to a sell rating in a research 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. “

AIQUY has been the subject of several other research reports. Wolfe Research started coverage on L’Air Liquide in a research report on Wednesday, June 9th. They set an underperform rating for the company. UBS Group restated a buy rating on shares of L’Air Liquide in a research report on Wednesday, July 14th. HSBC upgraded L’Air Liquide from a hold rating to a buy rating in a research report on Tuesday, June 15th. Morgan Stanley reiterated an equal weight rating on shares of L’Air Liquide in a research report on Tuesday, July 6th. Finally, JPMorgan Chase & Co. reiterated an overweight rating on shares of L’Air Liquide in a research report on Friday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $39.00.

L’Air Liquide stock opened at $33.83 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.74 and a quick ratio of 0.57. The company has a market capitalization of $80.13 billion, a PE ratio of 28.67, a price-to-earnings-growth ratio of 4.41 and a beta of 0.63. L’Air Liquide has a one year low of $28.90 and a one year high of $36.26. The business has a 50 day simple moving average of $35.17 and a 200 day simple moving average of $34.24.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIQUY. Boston Private Wealth LLC increased its stake in shares of L’Air Liquide by 5.1% in the 1st quarter. Boston Private Wealth LLC now owns 7,574 shares of the basic materials company’s stock valued at $248,000 after buying an additional 367 shares during the period. The PNC Financial Services Group Inc. increased its stake in shares of L’Air Liquide by 6.8% in the 1st quarter. The PNC Financial Services Group Inc. now owns 8,983 shares of the basic materials company’s stock valued at $294,000 after buying an additional 569 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of L’Air Liquide by 5.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,468 shares of the basic materials company’s stock valued at $332,000 after buying an additional 485 shares during the period. Hancock Whitney Corp increased its stake in shares of L’Air Liquide by 12.9% in the 1st quarter. Hancock Whitney Corp now owns 15,939 shares of the basic materials company’s stock valued at $521,000 after buying an additional 1,826 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of L’Air Liquide in the 2nd quarter valued at $870,000. 0.11% of the stock is owned by institutional investors.

L’Air Liquide Company Profile

Air Liquide SA engages in gas supply for large industry and health businesses. It operates through the following segments: Gas & Services, Engineering & Construction, and Global Markets & Technologies. The Gas & Services segment activities are organized by geographical areas, which determine sales policies and development projects.

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