Lincoln Electric Holdings Inc. Sets New 1-Year High at $69.46 (LECO)
Lincoln Electric Holdings (NASDAQ:LECO) set a new 52-week high during mid-day trading on Monday, StockRatingsNetwork reports. The stock traded as high as $69.46 and last traded at $69.30, with a volume of 116,666 shares. The stock had previously closed at $68.91.
LECO has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott downgraded shares of Lincoln Electric Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $70.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lincoln Electric Holdings in a research note to investors on Wednesday, September 18th. They now have a $72.00 price target on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Lincoln Electric Holdings 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Lincoln Electric Holdings presently has an average rating of “Hold” and a consensus target price of $66.25.
Lincoln Electric Holdings has a one year low of $38.82 and a one year high of $69.46. The stock has a 50-day moving average of $66.23 and a 200-day moving average of $59.88. The company has a market cap of $5.707 billion and a price-to-earnings ratio of 21.60.
Lincoln Electric Holdings (NASDAQ:LECO) last released its earnings data on Monday, July 29th. The company reported $0.91 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Lincoln Electric Holdings will post $3.52 earnings per share 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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