Linde Plc (NASDAQ: LIN) has reported earnings for its second fiscal quarter (ending June 30) of $3.46 versus $3.22 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $13.24 versus $11.55 for the same period a year ago.
Recent Price Action
Linde Plc (NASDAQ: LIN) stock closed at $454.00 on 8/2/24 after a slight gain of 0.1%. Moreover, unusually high trading volume at 163% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LIN is expected to continue to be a major Value Builder.
Linde has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Linde has a very low Appreciation Score of 12 but a neutral Power Rating of 58, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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