Zacks Investment Research upgraded shares of AIR LIQUIDE/ADR (OTCMKTS:AIQUY) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. They currently have $31.00 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. “
Shares of AIR LIQUIDE/ADR stock traded down $0.24 on Wednesday, hitting $27.45. 27,470 shares of the company traded hands, compared to its average volume of 114,752. The stock’s 50-day moving average is $26.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.71 and a current ratio of 0.91. AIR LIQUIDE/ADR has a 12-month low of $23.18 and a 12-month high of $27.98. The company has a market cap of $58.80 billion, a P/E ratio of 23.66, a PEG ratio of 1.12 and a beta of 0.81.
The business also recently declared an annual dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 17th were issued a dividend of $0.546 per share. This is a boost from AIR LIQUIDE/ADR’s previous annual dividend of $0.49. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, May 16th. AIR LIQUIDE/ADR’s payout ratio is currently 45.69%.
Several institutional investors have recently bought and sold shares of AIQUY. Private Capital Group LLC boosted its holdings in AIR LIQUIDE/ADR by 36.1% in the first quarter. Private Capital Group LLC now owns 6,909 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 1,832 shares in the last quarter. Advisor Partners LLC boosted its holdings in AIR LIQUIDE/ADR by 4.6% in the first quarter. Advisor Partners LLC now owns 15,177 shares of the basic materials company’s stock worth $386,000 after purchasing an additional 673 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in AIR LIQUIDE/ADR by 20.1% in the first quarter. Quadrant Capital Group LLC now owns 20,072 shares of the basic materials company’s stock worth $492,000 after purchasing an additional 3,366 shares in the last quarter. Scout Investments Inc. boosted its holdings in AIR LIQUIDE/ADR by 9.5% in the first quarter. Scout Investments Inc. now owns 104,218 shares of the basic materials company’s stock worth $2,653,000 after purchasing an additional 9,047 shares in the last quarter. Finally, Boston Common Asset Management LLC boosted its holdings in AIR LIQUIDE/ADR by 1.7% in the first quarter. Boston Common Asset Management LLC now owns 175,651 shares of the basic materials company’s stock worth $4,471,000 after purchasing an additional 3,009 shares in the last quarter. Institutional investors and hedge funds own 0.10% of the company’s stock.
About AIR LIQUIDE/ADR
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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