Zacks Investment Research Downgrades AIR LIQUIDE/ADR (OTCMKTS:AIQUY) to Sell


Zacks Investment Research lowered shares of AIR LIQUIDE/ADR (OTCMKTS:AIQUY) from a hold rating to a sell 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. “

A number of other equities analysts have also issued reports on the stock. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of AIR LIQUIDE/ADR in a research report on Tuesday, March 24th. ValuEngine raised shares of AIR LIQUIDE/ADR from a sell rating to a hold rating in a research report on Thursday, April 2nd. Morgan Stanley reaffirmed an equal weight rating on shares of AIR LIQUIDE/ADR in a research report on Monday, March 30th. Finally, UBS Group reaffirmed a buy rating on shares of AIR LIQUIDE/ADR in a research report on Monday, April 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. AIR LIQUIDE/ADR has an average rating of Hold and a consensus price target of $28.00.

Shares of AIQUY stock opened at $28.38 on Tuesday. AIR LIQUIDE/ADR has a 1 year low of $20.90 and a 1 year high of $30.35. The firm’s fifty day simple moving average is $25.66 and its 200 day simple moving average is $26.81. The firm has a market capitalization of $66.88 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 4.45 and a beta of 0.66. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65.

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The firm also recently declared an annual dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 8th will be given a $0.444 dividend. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, May 7th. AIR LIQUIDE/ADR’s dividend payout ratio (DPR) is presently 41.12%.

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in AIR LIQUIDE/ADR by 8.7% in 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 in the last quarter. Private Capital Group LLC increased its holdings in shares of 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 in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of 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 in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of 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 in the last quarter. 0.11% of the stock is owned by hedge funds and other institutional investors.

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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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