Lincoln Electric Holdings Stock Rating Lowered by Janney Montgomery Scott (LECO)
Lincoln Electric Holdings (NASDAQ:LECO) was downgraded by analysts at Janney Montgomery Scott to a “neutral” rating in a research report issued to clients and investors on Friday, Analyst Ratings.Net reports.
Shares of Lincoln Electric Holdings (NASDAQ:LECO) opened at 67.52 on Friday. Lincoln Electric Holdings has a 52 week low of $37.63 and a 52 week high of $69.35. The stock’s 50-day moving average is $64.31 and its 200-day moving average is $58.85. The company has a market cap of $5.550 billion and a P/E ratio of 21.17.
Lincoln Electric Holdings (NASDAQ:LECO) last released its earnings data 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.
A number of other analysts have also recently weighed in 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, September 18th. 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Lincoln Electric Holdings currently has a consensus rating of “Hold” and a consensus target price of $65.00.
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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