Cowen slashes price target on Linde plc [LIN] – find out why.

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Linde plc [NYSE: LIN] closed the trading session at $315.19 on 04/28/22. The day’s price range saw the stock hit a low of $303.025, while the highest price level was $316.52. The company report on April 28, 2022 that Linde plc: Linde Reports First-Quarter 2022 Results (Earnings Release Tables Attached).

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First-Quarter Highlights.

The stocks have a year to date performance of -9.02 percent and weekly performance of -2.83 percent. The stock has been moved at -1.19 percent over the last six months. The stock has performed -3.42 percent around the most recent 30 days and changed 1.23 percent over the most recent 3-months.

If compared to the average trading volume of 2.34M shares, LIN reached to a volume of 3304880 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Linde plc [LIN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LIN shares is $370.53 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LIN stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Linde plc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on March 03, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price from $338 to $404. The new note on the price target was released on December 09, 2021, representing the official price target for Linde plc stock.

The Average True Range (ATR) for Linde plc is set at 7.21, with the Price to Sales ratio for LIN stock in the period of the last 12 months amounting to 5.48. The Price to Book ratio for the last quarter was 3.66, with the Price to Cash per share for the same quarter was set at 5.28. Price to Free Cash Flow for LIN in the course of the last twelve months was 37.90 with Quick ratio for the last quarter at 0.60.

LIN stock trade performance evaluation

Linde plc [LIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.83. With this latest performance, LIN shares dropped by -3.42% in over the last four-week period, additionally sinking by -1.19% over the last 6 months – not to mention a rise of 8.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LIN stock in for the last two-week period is set at 51.19, with the RSI for the last a single of trading hit 50.76, and the three-weeks RSI is set at 51.40 for Linde plc [LIN]. The present Moving Average for the last 50 days of trading for this stock 305.90, while it was recorded at 309.89 for the last single week of trading, and 313.81 for the last 200 days.

Linde plc [LIN]: An insightful look at the core fundamentals

Linde plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.70.

Earnings per share (EPS) analysis for Linde plc [LIN] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LIN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Linde plc go to 17.34%.

Linde plc [LIN]: Insider Ownership positions

There are presently around $119,096 million, or 79.30% of LIN stock, in the hands of institutional investors. The top three institutional holders of LIN stocks are: VANGUARD GROUP INC with ownership of 45,664,381, which is approximately -0.069% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 24,310,993 shares of the stock with an approximate value of $7.66 billion in LIN stocks shares; and STATE STREET CORP, currently with $6.46 billion in LIN stock with ownership of nearly 0.784% of the company’s market capitalization.

Positions in Linde plc stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 739 institutional holders increased their position in Linde plc [NYSE:LIN] by around 18,739,472 shares. Additionally, 536 investors decreased positions by around 22,570,539 shares, while 230 investors held positions by with 336,546,030 shares. The mentioned changes placed institutional holdings at 377,856,041 shares, according to the latest SEC report filing. LIN stock had 177 new institutional investments in for a total of 2,854,566 shares, while 87 institutional investors sold positions of 1,809,882 shares during the same period.