The price-to-earnings ratio for Linde Plc (NASDAQ: LIN) is above average at 34.52x. The 36-month beta value for LIN is also noteworthy at 0.95. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
The public float for LIN is 467.82M, and at present, short sellers hold a 1.13% of that float. The average trading volume of LIN on November 06, 2024 was 1.48M shares.
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LIN) stock’s latest price update
The stock price of Linde Plc (NASDAQ: LIN) has dropped by -0.75 compared to previous close of 458.32. Despite this, the company has seen a fall of -4.17% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-03 that Linde is a growing low-risk business capable of generating 30%+ returns on capital invested. Elevated inflation levels as of late enabled Linde to raise prices and helped boost earnings growth. The economic backdrop is less favourable currently and the stock could re-rate to a lower valuation multiple.
LIN’s Market Performance
LIN’s stock has fallen by -4.17% in the past week, with a monthly drop of -1.80% and a quarterly rise of 2.95%. The volatility ratio for the week is 1.28% while the volatility levels for the last 30 days are 1.09% for Linde Plc The simple moving average for the last 20 days is -3.93% for LIN’s stock, with a simple moving average of 1.18% for the last 200 days.
Analysts’ Opinion of LIN
Many brokerage firms have already submitted their reports for LIN stocks, with Mizuho repeating the rating for LIN by listing it as a “Buy.” The predicted price for LIN in the upcoming period, according to Mizuho is $510 based on the research report published on April 18, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see LIN reach a price target of $500, previously predicting the price at $475. The rating they have provided for LIN stocks is “Neutral” according to the report published on April 10th, 2024.
UBS gave a rating of “Neutral” to LIN, setting the target price at $510 in the report published on March 27th of the current year.
LIN Trading at -3.67% 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 -6.69% of loss for the given period.
Volatility was left at 1.09%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares sank -3.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.90% lower at present.
During the last 5 trading sessions, LIN fell by -4.17%, which changed the moving average for the period of 200-days by +11.91% in comparison to the 20-day moving average, which settled at $473.48. In addition, Linde Plc saw 10.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LIN starting from Panikar John, who sale 10,025 shares at the price of $462.75 back on Sep 10 ’24. After this action, Panikar John now owns 17,584 shares of Linde Plc, valued at $4,639,069 using the latest closing price.
JOHN M. PANIKAR, the Officer of Linde Plc, proposed sale 10,025 shares at $462.75 during a trade that took place back on Sep 10 ’24, which means that JOHN M. PANIKAR is holding shares at $4,639,088 based on the most recent closing price.
Stock Fundamentals for LIN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.49 for the gross margin
The net margin for Linde Plc stands at 0.17. The total capital return value is set at 0.12. Equity return is now at value 16.35, with 7.96 for asset returns.
Based on Linde Plc (LIN), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 30.62.
Currently, EBITDA for the company is 12.31 billion with net debt to EBITDA at 1.0. When we switch over and look at the enterprise to sales, we see a ratio of 6.2. The receivables turnover for the company is 7.69for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
In summary, Linde Plc (LIN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
