Air Liquide SA (AIQUY) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Air Liquide SA (NASDAQ:AIQUY) from a hold rating to a buy rating in a research note published on Monday. The firm currently has $27.00 price objective 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. “

AIQUY has been the topic of several other reports. Goldman Sachs Group, Inc. (The) raised Air Liquide SA from a neutral rating to a buy rating in a report on Monday, October 2nd. Deutsche Bank AG raised Air Liquide SA from a hold rating to a buy rating in a report on Friday, June 16th.

Air Liquide SA (NASDAQ:AIQUY) traded up 0.49% during midday trading on Monday, reaching $24.69. The company had a trading volume of 4,847 shares. Air Liquide SA has a 12-month low of $17.80 and a 12-month high of $25.03. The company has a market capitalization of $52.51 billion and a PE ratio of 22.08. The stock has a 50-day moving average price of $25.35 and a 200 day moving average price of $24.60.

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Hedge funds have recently bought and sold shares of the company. Geneva Advisors LLC raised its position in shares of Air Liquide SA by 104.8% in the 2nd quarter. Geneva Advisors LLC now owns 71,794 shares of the basic materials company’s stock worth $1,788,000 after acquiring an additional 36,735 shares in the last quarter. Lenox Wealth Management Inc. bought a new position in shares of Air Liquide SA in the 2nd quarter worth about $1,521,000. Sterling Capital Management LLC raised its position in shares of Air Liquide SA by 5.1% in the 2nd quarter. Sterling Capital Management LLC now owns 9,967 shares of the basic materials company’s stock worth $246,000 after acquiring an additional 488 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Air Liquide SA by 11.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,006,758 shares of the basic materials company’s stock worth $25,073,000 after acquiring an additional 105,430 shares in the last quarter.

About Air Liquide SA

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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