Air Liquide SA (NASDAQ:AIQUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $27.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s target price points to a potential upside of 9.93% from the company’s current price.

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 analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) upgraded shares of Air Liquide SA from a “neutral” rating to a “buy” rating in a research report on Monday, October 2nd. Deutsche Bank AG upgraded shares of Air Liquide SA from a “hold” rating to a “buy” rating in a research report on Friday, June 16th.

Air Liquide SA (NASDAQ:AIQUY) traded up 0.16% on Monday, hitting $24.56. 23,082 shares of the stock traded hands. Air Liquide SA has a 52-week low of $17.80 and a 52-week high of $25.03.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Geneva Advisors LLC increased its holdings in Air Liquide SA by 104.8% in the 2nd quarter. Geneva Advisors LLC now owns 71,794 shares of the basic materials company’s stock valued at $1,788,000 after acquiring an additional 36,735 shares during the last quarter. Lenox Wealth Management Inc. bought a new stake in Air Liquide SA in the 2nd quarter valued at $1,521,000. Sterling Capital Management LLC increased its holdings in Air Liquide SA by 5.1% in the 2nd quarter. Sterling Capital Management LLC now owns 9,967 shares of the basic materials company’s stock valued at $246,000 after acquiring an additional 488 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Air Liquide SA by 11.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,006,758 shares of the basic materials company’s stock valued at $25,073,000 after acquiring an additional 105,430 shares during the last quarter.

About Air Liquide SA

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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