L’Air Liquide (OTCMKTS:AIQUY) Cut to “Neutral” at JPMorgan Chase & Co.

L’Air Liquide (OTCMKTS:AIQUY) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Tuesday,Briefing.com Automated Import reports.

Other analysts have also issued reports about the company. Redburn Atlantic raised L’Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. Citigroup reaffirmed a “buy” rating on shares of L’Air Liquide in a research note on Monday, March 24th.

L’Air Liquide Price Performance

L’Air Liquide stock opened at $40.72 on Tuesday. L’Air Liquide has a one year low of $31.68 and a one year high of $40.88. The firm has a 50-day moving average of $38.31 and a 200-day moving average of $35.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 0.77.

Hedge Funds Weigh In On L’Air Liquide

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. grew its stake in shares of L’Air Liquide by 37.8% in the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 286 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of L’Air Liquide by 52.2% during the first quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company’s stock valued at $176,000 after purchasing an additional 1,588 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of L’Air Liquide during the fourth quarter valued at approximately $248,000. Madison Investment Advisors LLC bought a new stake in shares of L’Air Liquide during the fourth quarter valued at approximately $1,147,000. Finally, Rhumbline Advisers grew its position in L’Air Liquide by 5.8% in the 4th quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock worth $1,986,000 after purchasing an additional 3,371 shares during the period. Institutional investors own 0.01% of the company’s stock.

About L’Air Liquide

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.