Lincoln Electric Holdings Inc. Sets New 1-Year High at $69.28 (LECO)
Lincoln Electric Holdings (NASDAQ:LECO) set a new 52-week high during trading on Thursday, AnalystRatingsNetwork reports. The stock traded as high as $69.28 and last traded at $69.08, with a volume of 107,883 shares. The stock had previously closed at $68.69.
A number of research firms have recently commented on LECO. Analysts at Zacks reiterated a “neutral” rating on shares of Lincoln Electric Holdings (NASDAQ:LECO) in a research note to investors on Wednesday. They now have a $72.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Lincoln Electric Holdings (NASDAQ:LECO) from $47.00 to $55.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Lincoln Electric Holdings (NASDAQ:LECO) in a research note to investors on Tuesday, July 30th. They now have a $68.00 price target on the stock, up previously from $60.00.
Lincoln Electric Holdings has a one year low of $37.63 and a one year high of $69.28. The stock’s 50-day moving average is $63.36 and its 200-day moving average is $58.46. The company has a market cap of $5.678 billion and a price-to-earnings ratio of 21.53.
Lincoln Electric Holdings (NASDAQ:LECO) last announced its earnings results on Monday, July 29th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.02. The company had revenue of $727.40 million for the quarter, compared to the consensus estimate of $759.81 million. During the same quarter last year, the company posted $0.81 earnings per share. Lincoln Electric Holdings’s revenue was down 2.2% compared to the same quarter last year. Analysts expect that Lincoln Electric Holdings will post $3.52 EPS for the current fiscal year.
Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.
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