L'Air Liquide S.A.

L'Air Liquide is engaged in the market of gases for industry, health and the environment. Oxygen, nitrogen, hydrogen, and rare gases make up Co.'s core activities. Co. structures its activities in three segments: Gas and Services, Engineering and Technology, and Other activities. The Gas and Services segment comprises four business lines: Industrial Merchant, Large Industries, Healthcare and Electronics; Engineering and Technology designs, develops and builds industrial gas production plants for Co. and third parties; and the Other Activities segment develops welding and cutting edge technologies, and markets deep-sea diving and swimming equipment to professionals and privates individuals.
  • TickerAI
  • ISINFR0000120073
  • ExchangeEuronext Paris
  • SectorChemicals
  • CountryFrance

Analysts

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 30 OCTUBRE A 06 NOVIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sale Danone y entra Kering. Subimos peso en Bayer y BNP Paribas. Cartera High Yield Europa Air Liquide, Allianz, Daimler, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Masmóvil, Sacyr y Unicaja Sin cambios esta semana.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/11/2019 - Fiat Chrystler Automobiles - EN

TP ICAP - Europe - Morning CreditUpdate 04/11/2019 - Fiat Chrystler Automobiles - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/11/2019 - Fiat Chrystler Automobiles - Fr

Fiat Chrysler Automobiles (Achat) : Confirme ses objectifs avant la fusion avec PSA ING (Achat) - 9M-19 : PNB de €13,9 mds (+2,1%) Lloyds Banking Group (Vente) - 9M-19 : RN de $2,0mds (-46,9%) Ryanair (Conserver) - S1/19-20 : Résultat opérationnel de €1,3md (-1%) Metro (Vente) : EP Global Commerce (EPGC) prévoit d’augmenter sa participation à ~30% Repsol (Achat) - 9M-19 : Résultat opérationnel de €2,9 mds (-6,5%) IAG (Achat) : Rachète la compagnie espagnole Air Europa pour €1 md Bombardier (Achat) : Cession de ses activités aérost...

Air Liquide S.A.: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 19 May 2017 Update RATINGS Air Liquide S.A. Domicile Paris, France Long Term Rating A3 Type LT Issuer Rating - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781 VP-Sr Credit Officer stanislas.duques

Research Department

CAMBIO DE CARTERAS BANCO SABADELL SEMANA 30 OCTUBRE A 06 NOVIEMBRE 2019 (ANÁLISIS BANCO SABADELL)

Cartera Modelo Europa Sale Danone y entra Kering. Subimos peso en Bayer y BNP Paribas. Cartera High Yield Europa Air Liquide, Allianz, Daimler, SAP y Vivendi Sin cambios esta semana. Cartera Modelo España Sin cambios esta semana. Cartera 5 Valores España ACS, Caixabank, Cellnex, Ferrovial y Telefónica Sin cambios esta semana. Cartera 5 valores High Yield España Iberdrola, Merlin, Repsol, Santander y Telefónica Sin cambios esta semana. Cartera Pequeñas y Medianas España Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Masmóvil, Sacyr y Unicaja Sin cambios esta semana.

Nurhayati Wan

L'Air Liquide S.A.

Nurhayati Wan

L'Air Liquide S.A.

Nurhayati Wan

L'Air Liquide S.A.

Francisco Rodriguez

AIR LIQUIDE: MENSAJES DE LA CONFERENCE CALL VENTAS 3T'19 (ANÁLISIS BANCO SABADELL)

De la conference call de Rdos. destacamos los siguientes puntos:  Perspectivas: Aunque aprecian un entorno menos favorable (softening) el mensaje sigue siendo razonablemente positivo en todos los negocios. A pesar de que la situación en volúmenes en América (~40% ventas) se mantiene débil, es relevante destacar que se debe fundamentalmente al negocio de Hardgoods (de menor margen y por la ralentización del sector de la Construcción), sin embargo en el negocio de gases no aprecian caídas en volúmenes.  Precios/Márgenes: La situación de los precios en 4T’19 debería seguir siendo positiva, al...

1 director sold

A director at Air Liquide sold 20,000 shares at 110.272EUR and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

Nurhayati Wan

Air Liquide

AIR LIQUIDE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of AIR LIQUIDE (FR), a company active in the Commodity Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 8, 2019, the closing price was EUR 110.85 and its potential was estimated at EUR 116.39.

Nurhayati Wan

Air Liquide

Nurhayati Wan

Air Liquide

Nurhayati Wan

Air Liquide

Expert Corporate Governance Service (ECGS)

Air Liquide - AGM 07 May 2019

ITEM 8: The Company’s disclosure, although acceptable, does not meet the market best practices and objectives to achieve in 2018 should have been disclosed. Moreover, amounts at stake (€5.6 M, i.e. 159% of the median total CEO remuneration in the Chemicals sector of the MSCI Europe) are excessive compared to market and sector practices. ITEM 9: Overall, changes proposed for the new remuneration policy are not significantly negative. However, dealing with the criteria redundancy seems to be a way for the Board to avoid dealing with the actual issues executives’ remuneration policies have at Ai...

Jehanne Leroy

Air Liquide - Assemblée générale des actionnaires du 07 mai 2019

RémunérationsConcernant les rémunérations 2018 du dirigeant, la transparence de la société est plutôt bonne mais elle ne communique toujours pas les objectifs a posteriori. Si l'absence de communication pour des raisons de confidentialité a priori s'entend parfaitement, une absence de communication alors que l'exercice est passé n'est pas compréhensible et empêche une claire compréhension de la part des actionnaires du lien entre performances effectivement réalisées et montant attribués. Par ailleurs, cela n’est pas en ligne avec les meilleures pratiques françaises et européennes. En raison de...

Air Liquide – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 16/05/2018

As last year, the company proposes to increase the fixed remuneration without any counterpart. This has an inflationary impact we cannot support. The 2018 maximal remuneration of the Chairman and CEO will reach €5.8 M, which is 40% higher than the CAC 40 median.Moreover, the Chairman and CEO has the benefit of excessive post-employment benefits. Considering that he is already excessively paid, such post-employment payments are not acceptable.

Jehanne Leroy

Proxy Report - 16/05/2018

Tout comme l’an dernier dans le cadre de la politique de rémunérations 2017, la société proposé cette année une augmentation du fixe pour 2018. Si cette hausse est certes peu significative (+3,9%), afin d’éviter tout effet inflationniste malvenu au regard des rémunérations déjà très généreuses du Président Directeur général, il aurait fallu qu’elle soit compensée par l’abaissement des bonus cible et maximum. Or, la société n’a pas compensée cette hausse. Ainsi, la rémunération maximum du Président Directeur général est désormais de 5,8 M€ €, ce qui est, bien évidemment, excessif.La société pro...

Research Department

BANCO SABADELL RECOMMENDED PORTFOLIO WEEK 23 TO 30 OCTOBER 2019 (ANÁLISIS BANCO SABADELL)

European Portfolio We lower Volkswagen’s weight and raise that of Airbus. European High Yield Portfolio Air Liquide, Allianz, Daimler, SAP & Vivendi No changes this week. Spanish Recommended Portfolio No changes this week. 5-Stock Recommended Portfolio ACS, Caixabank, Cellnex, Ferrovial & Telefónica No changes this week. 5 High-Yield Stock Portfolio Iberdrola, Merlin, Repsol, Santander & Telefónica No changes this week. Mid&Small Recommended Portfolio Applus, CAF, Dominion, Enagás, Ence, Indra, Logista, Másmóvil, Sacyr & Unicaja No changes this week.

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Valérie GASTALDY

Short term view - AIR LIQUIDE : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €104.55.

Valérie GASTALDY

Analyse court terme - AIR LIQUIDE : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 104,55 €.

Valérie GASTALDY

Short term view - AIR LIQUIDE : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €104.55. The bearish trend would be challenged above €115.25.

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