AIR LIQUIDE/ADR (AIQUY) Raised to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of AIR LIQUIDE/ADR (OTCMKTS:AIQUY) from a sell rating to a strong-buy rating in a research note issued to investors on Monday. The firm currently has $28.00 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. “

Separately, Sanford C. Bernstein initiated coverage on AIR LIQUIDE/ADR in a research report on Monday, September 24th. They set a buy rating on the stock.

OTCMKTS AIQUY opened at $24.19 on Monday. AIR LIQUIDE/ADR has a twelve month low of $23.38 and a twelve month high of $27.13. The stock has a market cap of $51.23 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 0.99 and a beta of 1.11. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 0.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. increased its stake in AIR LIQUIDE/ADR by 2.7% during the third quarter. Lenox Wealth Management Inc. now owns 147,539 shares of the basic materials company’s stock worth $3,865,000 after acquiring an additional 3,912 shares during the last quarter. Scout Investments Inc. increased its stake in AIR LIQUIDE/ADR by 2.6% during the third quarter. Scout Investments Inc. now owns 120,214 shares of the basic materials company’s stock worth $3,164,000 after acquiring an additional 3,032 shares during the last quarter. Quadrant Capital Group LLC increased its stake in AIR LIQUIDE/ADR by 24.2% during the second quarter. Quadrant Capital Group LLC now owns 12,764 shares of the basic materials company’s stock worth $304,000 after acquiring an additional 2,491 shares during the last quarter. Finally, Advisor Partners LLC increased its stake in AIR LIQUIDE/ADR by 26.3% during the second quarter. Advisor Partners LLC now owns 10,962 shares of the basic materials company’s stock worth $276,000 after acquiring an additional 2,283 shares during the last quarter. Hedge funds and other institutional investors own 0.10% of the company’s stock.

AIR LIQUIDE/ADR Company Profile

L'Air Liquide SA provides gases, technologies, and services for industrial and health sectors in Europe, the Americas, the Asia Pacific, and the Middle East and Africa. Its Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy industries; and gas solutions, such as industrial gases, welding equipment, application and safety equipment, and related services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and professionals and retail markets.

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