Linde (NYSE:LIN) had its price objective boosted by equities researchers at Deutsche Bank from $225.00 to $275.00 in a research report issued on Friday, The Fly reports. Deutsche Bank’s target price would indicate a potential upside of 12.19% from the stock’s previous close.
Other equities analysts have also issued reports about the stock. Barclays lowered their price target on shares of Linde from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Baader Bank reissued a “buy” rating on shares of Linde in a research note on Thursday. Sanford C. Bernstein restated a “hold” rating on shares of Linde in a research report on Thursday, May 7th. Morgan Stanley increased their price target on Linde from $205.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Norddeutsche Landesbank reissued a “hold” rating on shares of Linde in a research note on Thursday, May 14th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Linde currently has an average rating of “Buy” and an average target price of $226.24.
NYSE LIN opened at $245.11 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.63. Linde has a 1-year low of $146.71 and a 1-year high of $248.88. The company has a market cap of $128.73 billion, a PE ratio of 57.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.72. The stock’s 50 day simple moving average is $222.96 and its 200-day simple moving average is $200.90.
Linde (NYSE:LIN) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.25. Linde had a return on equity of 8.27% and a net margin of 8.37%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.26 billion. On average, equities research analysts anticipate that Linde will post 7.76 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in LIN. Balentine LLC purchased a new position in shares of Linde during the 1st quarter worth approximately $25,000. Key Financial Inc purchased a new position in shares of Linde during the first quarter worth $29,000. North Star Investment Management Corp. acquired a new stake in shares of Linde in the first quarter valued at $35,000. Lenox Wealth Management Inc. raised its holdings in shares of Linde by 769.2% in the 1st quarter. Lenox Wealth Management Inc. now owns 226 shares of the basic materials company’s stock valued at $39,000 after buying an additional 200 shares during the period. Finally, WASHINGTON TRUST Co acquired a new position in Linde during the 1st quarter worth about $40,000. 76.42% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also: What is a Market Correction?
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.