Air Liquide (OTCMKTS:AIQUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm presently has a $29.00 target price on the basic materials company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.52% from the company’s previous close.

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. “

Other research analysts have also issued reports about the stock. Goldman Sachs Group raised shares of Air Liquide from a “neutral” rating to a “buy” rating in a report on Tuesday, October 3rd. Jefferies Group raised shares of Air Liquide from a “hold” rating to a “buy” rating in a report on Monday, December 11th. Finally, UBS Group raised shares of Air Liquide from a “sell” rating to a “neutral” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Air Liquide presently has a consensus rating of “Buy” and an average target price of $29.00.

Shares of Air Liquide (AIQUY) traded up $0.45 during mid-day trading on Monday, reaching $26.24. 159,869 shares of the company’s stock traded hands, compared to its average volume of 75,392. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 0.87. Air Liquide has a 52 week low of $19.31 and a 52 week high of $26.30.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of Air Liquide by 71.3% in the 3rd quarter. Sterling Capital Management LLC now owns 17,069 shares of the basic materials company’s stock valued at $455,000 after buying an additional 7,102 shares during the period. Lenox Wealth Management Inc. boosted its holdings in shares of Air Liquide by 52.9% in the 3rd quarter. Lenox Wealth Management Inc. now owns 93,336 shares of the basic materials company’s stock valued at $2,490,000 after buying an additional 32,281 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Air Liquide by 16.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,159,939 shares of the basic materials company’s stock valued at $30,947,000 after buying an additional 163,542 shares during the period. 0.07% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/15/air-liquide-aiquy-upgraded-at-zacks-investment-research.html.

Air Liquide Company Profile

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.

Get a free copy of the Zacks research report on Air Liquide (AIQUY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Air Liquide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Liquide and related companies with MarketBeat.com's FREE daily email newsletter.