Linde (NASDAQ:LIN) Stock Price Expected to Rise, Citigroup Analyst Says

Linde (NASDAQ:LIN) had its price objective boosted by research analysts at Citigroup from $520.00 to $540.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Citigroup’s target price would indicate a potential upside of 23.07% from the stock’s current price.

Several other analysts have also recently issued reports on the company. CICC Research began coverage on Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 target price for the company. BMO Capital Markets set a $501.00 price target on shares of Linde in a report on Wednesday, December 17th. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, December 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Finally, Mizuho set a $495.00 price target on Linde in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $501.75.

Linde Price Performance

Shares of NASDAQ:LIN traded up $5.63 during midday trading on Wednesday, hitting $438.78. The company’s stock had a trading volume of 1,081,637 shares, compared to its average volume of 2,327,158. The company has a market cap of $204.89 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82. Linde has a 12-month low of $387.78 and a 12-month high of $486.38. The business’s 50 day simple moving average is $420.62 and its 200 day simple moving average is $448.66.

Linde (NASDAQ:LIN) last released its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $4.18 by $0.03. The business had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $3.94 EPS. Linde has set its FY 2025 guidance at 16.350-16.450 EPS and its Q4 2025 guidance at 4.100-4.200 EPS. On average, analysts forecast that Linde will post 16.54 EPS for the current year.

Hedge Funds Weigh In On Linde

Several institutional investors have recently modified their holdings of the business. Darwin Wealth Management LLC acquired a new position in Linde during the 2nd quarter worth $25,000. Marquette Asset Management LLC purchased a new stake in shares of Linde during the 3rd quarter worth approximately $27,000. YANKCOM Partnership boosted its stake in Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 41 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Linde during the 3rd quarter worth approximately $29,000. Finally, Saranac Partners Ltd purchased a new position in shares of Linde during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.