AIR LIQUIDE/ADR (OTCMKTS:AIQUY) Cut to “Hold” at Zacks Investment Research

AIR LIQUIDE/ADR (OTCMKTS:AIQUY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “

Several other brokerages have also recently issued reports on AIQUY. ValuEngine upgraded AIR LIQUIDE/ADR from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley reiterated an “equal weight” rating on shares of AIR LIQUIDE/ADR in a research note on Monday, March 30th. JPMorgan Chase & Co. restated a “neutral” rating on shares of AIR LIQUIDE/ADR in a research note on Tuesday, March 24th. Finally, UBS Group restated a “buy” rating on shares of AIR LIQUIDE/ADR in a research note on Monday, April 27th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. AIR LIQUIDE/ADR currently has an average rating of “Hold” and a consensus price target of $32.00.

Shares of AIQUY traded up $0.38 during midday trading on Tuesday, hitting $28.56. The company had a trading volume of 30,572 shares, compared to its average volume of 71,968. The company’s 50-day simple moving average is $27.00 and its 200-day simple moving average is $26.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.65 and a current ratio of 0.88. The firm has a market capitalization of $67.30 billion, a P/E ratio of 26.69, a P/E/G ratio of 4.43 and a beta of 0.66. AIR LIQUIDE/ADR has a 1 year low of $20.90 and a 1 year high of $30.35.

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in AIR LIQUIDE/ADR by 8.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,707 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 696 shares during the last quarter. Private Capital Group LLC increased its position in AIR LIQUIDE/ADR by 19.9% during the first quarter. Private Capital Group LLC now owns 11,537 shares of the basic materials company’s stock worth $295,000 after buying an additional 1,918 shares during the period. Quadrant Capital Group LLC increased its position in AIR LIQUIDE/ADR by 16.6% during the fourth quarter. Quadrant Capital Group LLC now owns 24,555 shares of the basic materials company’s stock worth $667,000 after buying an additional 3,493 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in AIR LIQUIDE/ADR by 5.6% during the first quarter. Parametric Portfolio Associates LLC now owns 2,112,797 shares of the basic materials company’s stock worth $53,549,000 after buying an additional 111,140 shares during the period. Hedge funds and other institutional investors own 0.11% of the company’s stock.

About AIR LIQUIDE/ADR

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.

See Also: Preferred Stock

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Analyst Recommendations for AIR LIQUIDE/ADR (OTCMKTS:AIQUY)

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