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Friday, September 22, 2023

Can We Expect More Volatility From Linde plc (LIN)?

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Linde plc (LIN) shares are trading at higher $250.62 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $276.84.

To add more color to this target, the company’s high over the last year is $269.78 and the low is $146.71. Over the last 52 weeks, LIN is up 23.00% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, LIN reported a profit of $3.02 billion. Linde plc also saw revenues increase to $6.86 billion. In addition, LIN has free cash flow of $2.62 billion as of 09-2020. The company’s EBITDA came in at $2.14 billion which compares well with its peers.

LIN booked profit margins of 8.30%, its Return on Equity (ROE) is 4.80%, and its Return on Assets is 2.60%. All told, it is clear that, LIN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. LIN has a short ratio of 1.66 and outstanding shares of 525.69M.

Company Outlook

LIN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.3 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 4.19. Linde plc LIN also noted assets of $87.21 billion at the end of the last quarter. Investors should also keep an eye on sector updates as LIN has historically followed its peers on positive news.

All told, Linde plc LIN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, LIN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Linde plc LIN is now commanding a market cap of 129.07B and a float of 523.30M. LIN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of LIN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in LIN, either long or short, and we have not been compensated for this article.

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