Linde (LIN) Stock Rating Upgraded by Zacks Investment Research

Linde (NYSE:LIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Praxair, Inc. was the first company in the United States to produce oxygen from air using a cryogenic process and continues to be a technological innovator in the industrial gases industry. Praxair’s primary products in its industrial gases business are atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene). The company also designs, engineers, and builds equipment that produces industrial gases primarily for internal use. The company’s surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Praxair serves a diverse group of industries including healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals and water treatment. “

Other research analysts have also recently issued reports about the stock. Edward Jones assumed coverage on shares of Linde in a research report on Wednesday, October 31st. They set a “buy” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Linde in a research report on Monday. They set an “underperform” rating on the stock. Barclays began coverage on shares of Linde in a research report on Monday. They set an “equal weight” rating and a $178.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Linde in a report on Friday, November 2nd. They issued an “overweight” rating and a $185.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $181.50.

NYSE LIN traded down $2.23 on Tuesday, reaching $164.62. 93,670 shares of the company’s stock traded hands, compared to its average volume of 9,554,847. Linde has a 12 month low of $155.44 and a 12 month high of $166.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.96 and a quick ratio of 0.78. The stock has a market capitalization of $47.60 billion, a P/E ratio of 28.05, a PEG ratio of 1.89 and a beta of 0.92.

Linde Company Profile

Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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