Linde Plc (NASDAQ: LIN) has reported E.P.S. of $3.38 for its first fiscal quarter (ending March 31) versus $3.08 for the same period a year ago — an increase of 10%. However, this performance was $-0.76 short of the consensus estimate of $4.14. For the latest four quarters through March 31, E.P.S. were $13.00 versus $9.07 for the same period a year ago — an increase of 43%.
Recent Price Action
Linde Plc (NASDAQ: LIN) stock suffered a large decline of -5.2% on 5/2/24. The stock closed at $419.62. Moreover, trading volume in this decline was unusually high at 199% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.6% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Linde has a very low Appreciation Score of 12 but a good Power Rating of 72, 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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