Linde Plc. [NASDAQ: LIN] closed the trading session at $473.94. The company report on March 8, 2024 at 8:00 PM that Linde plc to Join the Nasdaq-100 Index® Beginning March 18, 2024.
The stocks have a year to date performance of 15.40 percent and weekly performance of 1.86 percent. The stock has been moved at 23.05 percent over the last six months. The stock has performed 13.86 percent around the most recent 30 days and changed 11.07 percent over the most recent 3-months.
If compared to the average trading volume of 1.80M shares, LIN reached to a volume of 3372137 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 $469.15 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 1.55. 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.
Wolfe Research have made an estimate for Linde Plc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on March 01, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $395 to $455. The new note on the price target was released on February 16, 2024, representing the official price target for Linde Plc. stock. Previously, the target price had yet another raise to $429, while Stifel analysts kept a Hold rating on LIN stock.
The Average True Range (ATR) for Linde Plc. is set at 6.42, with the Price to Sales ratio for LIN stock in the period of the last 12 months amounting to 6.95. The Price to Book ratio for the last quarter was 5.76, with the Price to Cash per share for the same quarter was set at 9.68. Price to Free Cash Flow for LIN in the course of the last twelve months was 41.36 with Quick ratio for the last quarter at 0.67.
LIN stock trade performance evaluation
Linde Plc. [LIN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.86. With this latest performance, LIN shares gained by 13.86% in over the last four-week period, additionally plugging by 23.05% over the last 6 months – not to mention a rise of 38.40% 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 80.31, with the RSI for the last a single of trading hit 82.67, and the three-weeks RSI is set at 77.28 for Linde Plc. [LIN]. The present Moving Average for the last 50 days of trading for this stock 426.72, while it was recorded at 470.47 for the last single week of trading, and 395.12 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 0.67 and a Current Ratio set at 0.80.
Earnings per share (EPS) analysis for Linde Plc. [LIN] stock
With the latest financial reports released by the company, Linde Plc. posted 3.42/share EPS, while the average EPS was predicted by analysts to be reported at 3.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.30%. 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 9.65%.
Linde Plc. [LIN]: Institutional Ownership
The top three institutional holders of LIN stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in LIN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in LIN stock with ownership which is approximately 5.8325%.
