For its third fiscal quarter (ending September 30), Linde Plc (NASDAQ: LIN) has reported a 1% increase in E.P.S. from $3.21 a year ago to $3.24 in the current quarter. For the latest four quarters through September 30, E.P.S. were $13.28 versus $12.20 for the same period a year ago — an increase of 9%.
Recent Price Action
Linde Plc (NASDAQ: LIN) stock closed at $456.15 on 10/31/24 after a decline of -3.6%. Moreover, trading volume in this decline was exceptionally high at 240% of normal. The stock has declined -4.5% during the last week and has performed in line with the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Linde has a very low Appreciation Score of 14 but a slightly positive Power Rating of 60, with the Negative Value Trend Rating the result.
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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