Kepler Capital analyst Christian Faitz maintained a Buy rating on Linde (LIN) on September 25 and set a price target of EUR225.00. The company’s shares closed last Tuesday at $249.24.
According to TipRanks.com, Faitz is a 3-star analyst with an average return of 2.4% and a 45.9% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, Clariant AG, and LANXESS.
Currently, the analyst consensus on Linde is a Strong Buy with an average price target of $289.02, which is a 16.5% upside from current levels. In a report issued on September 22, Evercore ISI also initiated coverage with a Buy rating on the stock.
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Based on Linde’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.86 billion and net profit of $700 million. In comparison, last year the company earned revenue of $7 billion and had a net profit of $735 million.
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Linde Plc engages in the production and distribution of industrial gases. It operates through the following segments: North America, Europe, South America, Asia, Surface Technologies, and Linde AG. Its primary products include atmospheric and process gases. The firm also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. The company was founded on April 18, 2017 and is headquartered in Guildford, the United Kingdom.
