Linde Plc [NASDAQ: LIN] loss -3.64% or -17.25 points to close at $456.15 with a heavy trading volume of 3582447 shares.
The daily chart for LIN points out that the company has recorded 8.71% gains over the past six months.
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If we look at the average trading volume of 1.47M shares, LIN reached to a volume of 3582447 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $497.38 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 1.87. 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.
Mizuho have made an estimate for Linde Plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $475 to $500. The new note on the price target was released on April 10, 2024, representing the official price target for Linde Plc stock. Previously, the target price had yet another raise from $482 to $510, while UBS kept a Neutral rating on LIN stock.
The Average True Range (ATR) for Linde Plc is set at 6.27, with the Price to Sales ratio for LIN stock in the period of the last 12 months amounting to 6.64. The Price to Book ratio for the last quarter was 5.71, with the Price to Cash per share for the same quarter was set at 9.69. Price to Free Cash Flow for LIN in the course of the last twelve months was 44.91 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for LIN stock
Linde Plc [LIN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.86. With this latest performance, LIN shares dropped by -4.14% in over the last four-week period, additionally plugging by 8.71% over the last 6 months – not to mention a rise of 19.36% 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 30.94, with the RSI for the last a single of trading hit 21.59, and the three-weeks RSI is set at 37.53 for Linde Plc [LIN]. The present Moving Average for the last 50 days of trading for this stock 472.71, while it was recorded at 470.79 for the last single week of trading, and 448.85 for the last 200 days.
Linde Plc [LIN]: A deeper dive into fundamental analysis
Linde Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.95.
Linde Plc [LIN]: An earnings per share (EPS) analysis
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 10.00%.
An analysis of Institutional ownership at Linde Plc [LIN]
There are presently around $86.03%, or 86.21%% of LIN stock, in the hands of institutional investors. The top three institutional holders of LIN stocks are: VANGUARD GROUP INC with ownership of 44.72 million shares, which is approximately 9.2797%. BLACKROCK INC., holding 35.96 million shares of the stock with an approximate value of $$15.78 billion in LIN stocks shares; and BLACKROCK INC., currently with $$8.64 billion in LIN stock with ownership which is approximately 4.0849%.
