Linde plc (NYSE:LIN) went down by -0.97% from its latest closing price compared to the recent 1-year high of $286.98. The company’s stock price has collected 0.75% of gains in the last five trading sessions. Barron’s reported on 03/29/21 that UBS Likes These Chemical Stocks as the Industry Faces Decarbonization Disruption
Is It Worth Investing in Linde plc (NYSE :LIN) Right Now?
Linde plc (NYSE:LIN) scored a price-to-earnings ratio above its average ratio, recording 59.82 x from its present earnings ratio. Plus, the 36-month beta value for LIN is at 0.81. Opinions of the stock are interesting as 20 analysts out of 32 who provided ratings for Linde plc declared the stock was a “buy,” while 2 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $291.18, which is $12.85 above the current price. LIN currently public float of 522.37M and currently shorts hold a 0.69% ratio of that float. Today, the average trading volume of LIN was 1.92M shares.
LIN’s Market Performance
LIN stocks went up by 0.75% for the week, with a monthly jump of 10.91% and a quarterly performance of 7.03%, while its annual performance rate touched 59.93%. The volatility ratio for the week stands at 1.48% while the volatility levels for the past 30 days are set at 1.64% for Linde plc. The simple moving average for the period of the last 20 days is 2.99% for LIN stocks with a simple moving average of 13.50% for the last 200 days.
Analysts’ Opinion of LIN
Many brokerage firms have already submitted their reports for LIN stocks, with Cowen repeating the rating for LIN by listing it as a “Market Perform.” The predicted price for LIN in the upcoming period, according to Cowen is $300 based on the research report published on March 19th of the current year 2021.
Barclays, on the other hand, stated in their research note that they expect to see LIN reach a price target of $285. The rating they have provided for LIN stocks is “Overweight” according to the report published on December 07th, 2020.
LIN Trading at 8.24% from the 50-Day Moving Average
After a stumble in the market that brought LIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.96% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares surge +7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.15% upper at present.
During the last 5 trading sessions, LIN rose by +0.75%, which changed the moving average for the period of 200-days by +35.23% in comparison to the 20-day moving average, which settled at $274.14. In addition, Linde plc saw 6.77% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at LIN starting from Fehrenbach Franz, who purchase 493 shares at the price of $245.94 back on Feb 26. After this action, Fehrenbach Franz now owns 3,606 shares of Linde plc, valued at $121,248 using the latest closing price.
Hoyt Kelcey E, the Principal Accounting Officer of Linde plc, sale 2,559 shares at $251.66 during a trade that took place back on Feb 12, which means that Hoyt Kelcey E is holding 4,104 shares at $643,991 based on the most recent closing price.
Stock Fundamentals for LIN
Current profitability levels for the company are sitting at:
- +14.28 for the present operating margin
- +26.55 for the gross margin
The net margin for Linde plc stands at +9.17. The total capital return value is set at 5.83, while invested capital returns managed to touch 4.14. Equity return is now at value 5.40, with 2.90 for asset returns.
Based on Linde plc (LIN), the company’s capital structure generated 36.40 points at debt to equity in total, while total debt to capital is 26.69. Total debt to assets is 19.52, with long-term debt to equity ratio resting at 27.36. Finally, the long-term debt to capital ratio is 20.06.
When we switch over and look at the enterprise to sales, we see a ratio of 5.72, with the company’s debt to enterprise value settled at 0.11. The receivables turnover for the company is 5.70 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.