Lincoln Electric (LECO) Stock Rating Upgraded by BidaskClub

Lincoln Electric (NASDAQ:LECO) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Lincoln Electric from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research report on Monday, January 8th. Stifel Nicolaus upgraded Lincoln Electric from a “hold” rating to a “buy” rating and upped their target price for the company from $97.00 to $116.00 in a research report on Tuesday, January 16th. Seaport Global Securities restated a “buy” rating and set a $110.00 target price on shares of Lincoln Electric in a research report on Thursday, February 15th. B. Riley set a $115.00 target price on Lincoln Electric and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, Barclays upped their target price on Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Lincoln Electric presently has an average rating of “Buy” and a consensus target price of $105.30.

How to Become a New Pot Stock Millionaire

NASDAQ LECO opened at $92.62 on Friday. Lincoln Electric has a 12 month low of $83.77 and a 12 month high of $101.34. The stock has a market capitalization of $6,101.90, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.94 and a current ratio of 2.60.



Lincoln Electric (NASDAQ:LECO) last announced its earnings results on Wednesday, February 14th. The industrial products company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.96 by $0.05. Lincoln Electric had a return on equity of 28.76% and a net margin of 9.43%. The company had revenue of $747.19 million for the quarter, compared to analyst estimates of $696.97 million. During the same quarter in the prior year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. equities research analysts expect that Lincoln Electric will post 4.73 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Oakbrook Investments LLC boosted its holdings in Lincoln Electric by 8.7% in the fourth quarter. Oakbrook Investments LLC now owns 6,740 shares of the industrial products company’s stock worth $617,000 after acquiring an additional 540 shares in the last quarter. BB&T Securities LLC boosted its holdings in Lincoln Electric by 13.2% in the fourth quarter. BB&T Securities LLC now owns 5,025 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 585 shares in the last quarter. Amalgamated Bank boosted its holdings in Lincoln Electric by 5.5% in the fourth quarter. Amalgamated Bank now owns 12,387 shares of the industrial products company’s stock worth $1,134,000 after acquiring an additional 641 shares in the last quarter. Profund Advisors LLC boosted its holdings in Lincoln Electric by 9.7% in the fourth quarter. Profund Advisors LLC now owns 7,701 shares of the industrial products company’s stock worth $705,000 after acquiring an additional 682 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its holdings in Lincoln Electric by 21.8% in the fourth quarter. Meadow Creek Investment Management LLC now owns 4,016 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 720 shares in the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Lincoln Electric (LECO) Stock Rating Upgraded by BidaskClub” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://stocknewstimes.com/2018/04/21/lincoln-electric-leco-stock-rating-upgraded-by-bidaskclub.html.

About Lincoln Electric

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company's welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

Analyst Recommendations for Lincoln Electric (NASDAQ:LECO)

Receive News & Ratings for Lincoln Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Electric and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply