Linde (NYSE:LIN) issued its earnings results on Tuesday. The basic materials company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.78 by $0.16, Yahoo Finance reports. The company had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Linde had a net margin of 17.60% and a return on equity of 10.47%.
Shares of Linde stock traded up $0.27 during midday trading on Friday, hitting $208.91. 19,150 shares of the company traded hands, compared to its average volume of 1,134,455. Linde has a 12 month low of $145.95 and a 12 month high of $208.97. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average price is $195.13 and its 200-day moving average price is $192.95.
Several brokerages have recently commented on LIN. Bank of America boosted their target price on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a research report on Tuesday, August 6th. Deutsche Bank lifted their price target on shares of Linde from $215.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets reaffirmed a “positive” rating and set a $218.00 price target on shares of Linde in a report on Thursday. Wells Fargo & Co lifted their price target on shares of Linde from $223.00 to $228.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Nord/LB reaffirmed a “neutral” rating and set a $171.00 price target on shares of Linde in a report on Tuesday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $200.42.
Linde Company Profile
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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