Linde PLC Receives Strong Buy Rating and Increased Price Target by Analyst Bill Selesky

Argus Research's Bill Selesky raised their price target on Linde PLC (NYSE: LIN) by 5.23% from $440.00 to $463.00 on August 1, 2023. The analyst maintained their Strong Buy rating on the stock.

Selesky's positive outlook on Linde comes after the company's second-quarter earnings report exceeded expectations. The higher-than-expected earnings per share (EPS) were primarily driven by higher pricing and a stronger product mix. These factors more than offset the impact of asset divestitures, negative cost pass-throughs, and unfavorable currency translation.

Currently, 66.67% of top-rated analysts rate LIN as a Strong Buy, indicating a high level of confidence in the stock's performance. Additionally, 22.22% of analysts recommend buying the stock, while 11.11% see it as a Hold. No analysts recommend or strongly recommend selling the stock.

Analysts' consensus forecast suggests that LIN's upcoming year will deliver EPS of $12.80. If this forecast is accurate, it would represent a 10.85% increase in EPS on a year-over-year basis.

Investors who have held LIN shares have benefited from its strong performance. Since the last quarterly report, the stock price has surged by 124.65%. Looking at the year-over-year performance, LIN is up by 29.52%. In comparison, the broader market represented by the S&P 500 has risen by 11.12% during the same period. This indicates that LIN has outpaced the market significantly.

Bill Selesky, the analyst behind the recent rating and price target increase, is highly regarded in the Wall Street community. According to WallStreetZen, Selesky is ranked in the top 16% out of 4,286 Wall Street analysts. With an impressive average return of 12.45% and a win rate of 52.50%, Selesky specializes in the Technology and Industrials sectors, among others.

Linde PLC, an industrial gas company, operates across multiple regions, including North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company provides a wide range of gases and related services to various industries, including healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. Linde also designs and constructs turnkey process plants.

It is important to note that while analyst recommendations and price targets can be valuable insights for investors, individual investors should conduct their own due diligence before making any investment decisions. Different investors have different priorities and risk profiles, and it is crucial to align personal investment strategies with these factors.

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WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.