The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite an average stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Linde is a leading global multinational chemical company and the largest industrial gas supplier worldwide by market share and revenue. Established by German scientist and engineer Carl von Linde in 1879 in Wiesbaden, Germany, the company is currently headquartered in Woking, United Kingdom, and is registered in Ireland as Linde plc. Linde plc was created in 2018 through the merger of Linde AG and Praxair, which was founded in 1907 in the United States as Linde Air Products Company.
Linde's core business involves the manufacturing and distribution of atmospheric gases, such as oxygen, nitrogen, argon, rare gases, alongside process gases that include carbon dioxide, helium, hydrogen, ammonia, electronic gases, specialty gases, and acetylene. The company’s products are utilized across various sectors, including healthcare, petroleum refining, manufacturing, food and beverage carbonation, fiber optics, steel production, aerospace, material handling equipment, chemicals, electronics, and water treatment industries.
The company's current financial score is 7.56, which is higher than the Chemicals industry's average of 6.99. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 8.11B, representing a year-over-year increase of 0.15%, while its net profit experienced a year-over-year increase of 2.83%.
The company’s current valuation score is 4.80, which is higher than the Chemicals industry's average of 2.55. Its current P/E ratio is 34.09, which is 5.16% below the recent high of 35.85 and 2.67% above the recent low of 33.18.
The company’s current earnings forecast score is 7.78, which is higher than the Chemicals industry's average of 7.30. The average price target for Linde PLC is 515.00, with a high of 576.00 and a low of 381.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 9.14, which is higher than the Chemicals industry's average of 8.17. Sideways: Currently, the stock price is trading between the resistance level at 496.29 and the support level at 459.23, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is lower than the Chemicals industry's average of 7.92. The latest institutional shareholding proportion is 88.04%, representing a quarter-over-quarter decrease of 0.05%. The largest institutional shareholder is The Vanguard, holding a total of 44.43M shares, representing 9.47% of shares outstanding, with 2.10% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Chemicals export-driven industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The company’s current risk assessment score is 6.39, which is higher than the Chemicals industry's average of 4.12. The company's beta value is 0.95. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.