Linde (NYSE:LIN) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.86-1.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. Linde also updated its FY 2020
Pre-Market guidance to 8.00-8.25 EPS.
Several research firms have recently issued reports on LIN. Deutsche Bank upped their target price on Linde from $240.00 to $255.00 and gave the company a buy rating in a report on Friday. BMO Capital Markets upped their price objective on Linde from $218.00 to $230.00 and gave the company an outperform rating in a research note on Monday, December 2nd. Pareto Securities upgraded Linde to a hold rating in a research note on Tuesday, December 10th. Barclays raised their target price on Linde from $210.00 to $230.00 and gave the company an equal weight rating in a research report on Wednesday, November 13th. Finally, Cfra upgraded Linde from a hold rating to a buy rating and lifted their target price for the stock from $215.00 to $245.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. Linde presently has an average rating of Buy and a consensus target price of $221.67.
Shares of NYSE LIN opened at $222.64 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $210.77 and a two-hundred day simple moving average of $200.06. Linde has a 1-year low of $166.07 and a 1-year high of $227.85. The firm has a market cap of $120.57 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 2.15 and a beta of 0.76.
Linde (NYSE:LIN) last issued its earnings results on Thursday, February 13th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.05. Linde had a return on equity of 7.47% and a net margin of 8.09%. The firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $6.95 billion. During the same period in the previous year, the company posted $1.46 earnings per share. Analysts forecast that Linde will post 8.14 EPS for the current year.
In other Linde news, EVP Anne K. Roby sold 2,402 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $212.17, for a total transaction of $509,632.34. Following the completion of the transaction, the executive vice president now owns 36,433 shares in the company, valued at $7,729,989.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anne K. Roby sold 1,583 shares of Linde stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $209.71, for a total transaction of $331,970.93. Following the completion of the transaction, the executive vice president now owns 27,218 shares of the company’s stock, valued at approximately $5,707,886.78. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Linde Company Profile
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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