Air Liquide (AIQUY) Upgraded to “Buy” at Jefferies Group

Jefferies Group upgraded shares of Air Liquide (OTCMKTS:AIQUY) from a hold rating to a buy rating in a research note published on Monday, Marketbeat reports. Jefferies Group also issued estimates for Air Liquide’s FY2018 earnings at $1.24 EPS, FY2019 earnings at $1.37 EPS and FY2020 earnings at $1.46 EPS.

Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Air Liquide from a buy rating to a hold rating in a research note on Monday, October 2nd. UBS raised Air Liquide from a sell rating to a neutral rating in a research note on Thursday, December 7th. Finally, Goldman Sachs Group raised Air Liquide from a neutral rating to a buy rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $27.00.

Shares of Air Liquide (OTCMKTS:AIQUY) opened at $25.20 on Monday. Air Liquide has a 12 month low of $19.31 and a 12 month high of $25.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.94 and a quick ratio of 0.73.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its stake 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 purchasing an additional 7,102 shares during the period. Lenox Wealth Management Inc. raised its stake 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 purchasing an additional 32,281 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake 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 purchasing an additional 163,542 shares during the period. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Air Liquide

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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