Linde Plc. [LIN] stock prices are up 0.12% to $447.56 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The LIN shares have gain 4.40% over the last week, with a monthly amount glided 11.53%, and seem to be holding up well over a long-time horizon.
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On 6, February 2024, Linde plc: Linde Reports Full-Year and Fourth-Quarter 2023 Results (Earnings Release Tables Attached). In a post published today on Yahoo Finance, Linde Reports Full-Year and Fourth-Quarter 2023 Results.
From an analyst’s perspective:
Linde Plc. [NASDAQ: LIN] stock has seen the most recent analyst activity on February 16, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $455 from $395. Previously, Stifel downgraded its rating to Hold on January 22, 2024, and kept the price target unchanged to $429. On January 08, 2024, downgrade downgraded it’s rating to Neutral. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $430 on June 14, 2023. Seaport Research Partners upgraded its rating to a Buy but $330 remained the price target by the analyst firm on October 13, 2022. Goldman started tracking with a Buy rating for this stock on October 13, 2022, and assigned it a price target of $338. In a note dated August 10, 2022, Stifel upgraded an Buy rating on this stock.
The stock price of Linde Plc. [LIN] has been fluctuating between $322.61 and $447.83 over the past year. Currently, Wall Street analysts expect the stock to reach $360.74 within the next 12 months. Linde Plc. [NASDAQ: LIN] shares were valued at $447.56 at the most recent close of the market. An investor can expect a potential drop of -19.4% based on the average LIN price forecast.
Analyzing the LIN fundamentals
The Linde Plc. [NASDAQ:LIN] reported sales of 32.85B for trailing twelve months, representing a surge of 5.10%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 445.73 points at the first support level, and at 443.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 448.96, and for the 2nd resistance point, it is at 450.36.
Linde Plc. [LIN] reported earnings per share of $3.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.49/share, meaning a difference of $0.1 and a surprise factor of 2.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.63 per share as compared to estimates of $3.57 per share, a difference of $0.06 representing a surprise of 1.70%.
Ratios To Look Out For
It’s worth pointing out that Linde Plc. [NASDAQ:LIN]’s Current Ratio is 0.80. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 6.61, the price to book ratio is 5.58 and price to earnings (TTM) ratio is 35.53.
Transactions by insiders
Recent insider trading involved Pfann Oliver, Senior Vice President, EMEA, that happened on Feb 08 when 300.0 shares were sold. Executive VP, North America, Durbin Sean completed a deal on Sep 14 to sell 1245.0 shares. Meanwhile, Exec VP& Chief Legal Officer Bichara Guillermo sold 12484.0 shares on Sep 07.
