Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
Investing.com - BMO Capital has reiterated its Outperform rating and $516.00 price target on Linde (NASDAQ:LIN), citing the industrial gas company’s conservative outlook and pricing power. The stock, currently trading at $469.04, has shown strong momentum with a 12.37% gain year-to-date. According to InvestingPro analysis, Linde appears to be trading near its Fair Value.
The research firm believes Linde has established a "conservative bar" that should lead to earnings beats in the second half of 2025, assuming the industrial macro environment doesn’t deteriorate further. The $219 billion market cap company maintains a strong financial position, with InvestingPro assigning it a "GOOD" Financial Health score and reporting robust EBITDA of $13 billion in the last twelve months.
BMO Capital attributes potential outperformance to several factors, including continued pricing strength, cost-cutting measures, new projects coming online, previous acquisitions, and share repurchases.
The firm specifically highlighted Linde’s ability to win new business as a key factor supporting its valuation, noting that the company is "firming up the backlog that ensures future growth."
BMO Capital’s $516 twelve-month price target reflects confidence in Linde’s execution capabilities despite challenging macroeconomic conditions in the industrial sector.
In other recent news, Linde reported second-quarter earnings per share of $4.09, surpassing the Street consensus of $4.02 and BofA’s estimate of $4.05. Despite some challenges in its semiconductor sputter target business, Linde’s earnings performance prompted BofA Securities to raise its price target for the company to $523 while maintaining a Buy rating. Similarly, JPMorgan adjusted its price target for Linde to $475, citing strong pricing dynamics despite stable to declining volumes. Bernstein SocGen Group also increased its price target to $518, highlighting Linde’s impressive streak of 26 consecutive quarters of earnings beats.
In addition to its financial results, Linde has commissioned one of the world’s largest helium storage caverns in Beaumont, Texas. This facility, with a capacity exceeding three billion cubic feet, is designed to improve the reliability of helium supply by balancing natural supply and demand cycles. These recent developments reflect Linde’s ongoing efforts to strengthen its market position and operational capabilities.
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