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 research firms have also commented on AIQUY. JPMorgan Chase & Co. reissued an “overweight” rating on shares of L’Air Liquide in a report on Friday, July 30th. UBS Group reissued a “buy” rating on shares of L’Air Liquide in a report on Wednesday, July 14th. Morgan Stanley restated an “equal weight” rating on shares of L’Air Liquide in a research note on Tuesday, July 6th. Wolfe Research began coverage on shares of L’Air Liquide in a research note on Wednesday, June 9th. They issued an “underperform” rating for the company. Finally, HSBC upgraded shares of L’Air Liquide from a “hold” rating to a “buy” rating in a research note on Tuesday, June 15th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.
Shares of L’Air Liquide stock traded up $0.06 during trading hours on Tuesday, reaching $35.32. 82,292 shares of the company were exchanged, compared to its average volume of 66,336. L’Air Liquide has a 1 year low of $28.90 and a 1 year high of $36.26. The stock’s fifty day moving average is $35.18 and its 200 day moving average is $34.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.57 and a current ratio of 0.74. The firm has a market cap of $83.66 billion, a PE ratio of 29.93, a PEG ratio of 4.45 and a beta of 0.63.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Boston Private Wealth LLC boosted its stake in shares of L’Air Liquide by 5.1% during the first quarter. Boston Private Wealth LLC now owns 7,574 shares of the basic materials company’s stock worth $248,000 after buying an additional 367 shares during the period. The PNC Financial Services Group Inc. lifted its position in L’Air Liquide by 6.8% in the first quarter. The PNC Financial Services Group Inc. now owns 8,983 shares of the basic materials company’s stock valued at $294,000 after purchasing an additional 569 shares during the period. PNC Financial Services Group Inc. lifted its position in L’Air Liquide by 5.4% in the second quarter. PNC Financial Services Group Inc. now owns 9,468 shares of the basic materials company’s stock valued at $332,000 after purchasing an additional 485 shares during the period. Hancock Whitney Corp lifted its position in L’Air Liquide by 12.9% in the first quarter. Hancock Whitney Corp now owns 15,939 shares of the basic materials company’s stock valued at $521,000 after purchasing an additional 1,826 shares during the period. Finally, Cutter & CO Brokerage Inc. acquired a new stake in L’Air Liquide in the second quarter valued at about $870,000. Institutional investors and hedge funds own 0.11% of the company’s stock.
L’Air Liquide Company Profile
Air Liquide SA engages in gas supply for large industry and health businesses. It operates through the following segments: Gas & Services, Engineering & Construction, and Global Markets & Technologies. The Gas & Services segment activities are organized by geographical areas, which determine sales policies and development projects.
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