Linde (LIN) Gets a Buy Rating from J.P. Morgan
J.P. Morgan analyst Jeffrey Zekauskas maintained a Buy rating on Linde (LIN) today. The company’s shares closed last Monday at $256.07, close to its 52-week high of $274.58.
According to TipRanks.com, Zekauskas is a 4-star analyst with an average return of 5.9% and a 66.5% success rate. Zekauskas covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Minerals Technologies.
Linde has an analyst consensus of Strong Buy, with a price target consensus of $288.50, which is an 11.3% upside from current levels. In a report issued on January 25, UBS also maintained a Buy rating on the stock with a EUR255.00 price target.
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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.
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