UBS Keeps Their Hold Rating on Linde (LIN)
UBS analyst Joshua Spector maintained a Hold rating on Linde (LIN – Research Report) today and set a price target of $485.00. The company's shares closed yesterday at $464.46.
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Spector covers the Basic Materials sector, focusing on stocks such as Eastman Chemical, International Flavors & Fragrances, and Methanex. According to TipRanks, Spector has an average return of 0.5% and a 52.23% success rate on recommended stocks.
In addition to UBS, Linde also received a Hold from Seaport Global's Michael Harrison CFA in a report issued yesterday. However, on June 25, Wells Fargo reiterated a Buy rating on Linde (NASDAQ: LIN).
Based on Linde's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.11 billion and a net profit of $1.67 billion. In comparison, last year the company earned a revenue of $8.1 billion and had a net profit of $1.63 billion
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LIN in relation to earlier this year. Last month, Sean Durbin, the Executive VP, North America of LIN sold 7,261.00 shares for a total of $3,314,048.71.
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