Lincoln Electric (LECO) PT Raised to $96.00 at Barclays

Lincoln Electric (NASDAQ:LECO) had its price target boosted by stock analysts at Barclays from $90.00 to $96.00 in a research note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the industrial products company’s stock. Barclays’ price objective points to a potential downside of 3.19% from the company’s previous close.

Other analysts have also issued research reports about the stock. FBR & Co reaffirmed a “buy” rating and set a $115.00 target price (up previously from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. Zacks Investment Research raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, October 31st. B. Riley reissued a “buy” rating on shares of Lincoln Electric in a research note on Wednesday, November 1st. Stifel Nicolaus raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and boosted their price target for the stock from $97.00 to $116.00 in a research note on Tuesday, January 16th. Finally, ValuEngine cut shares of Lincoln Electric from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $103.38.

Lincoln Electric (NASDAQ LECO) traded down $0.41 during trading on Wednesday, reaching $99.16. 90,002 shares of the company were exchanged, compared to its average volume of 410,388. The company has a quick ratio of 1.83, a current ratio of 2.55 and a debt-to-equity ratio of 0.75. The company has a market cap of $6,547.29, a price-to-earnings ratio of 23.84, a PEG ratio of 1.97 and a beta of 1.08. Lincoln Electric has a twelve month low of $81.39 and a twelve month high of $101.34.

Lincoln Electric (NASDAQ:LECO) last posted its earnings results on Friday, October 27th. The industrial products company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $669.50 million for the quarter, compared to the consensus estimate of $658.48 million. Lincoln Electric had a return on equity of 28.97% and a net margin of 11.34%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. research analysts anticipate that Lincoln Electric will post 3.75 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in LECO. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Lincoln Electric in the 2nd quarter valued at $219,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Lincoln Electric in the 3rd quarter valued at $219,000. Cubist Systematic Strategies LLC boosted its stake in shares of Lincoln Electric by 311.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,470 shares of the industrial products company’s stock valued at $227,000 after purchasing an additional 1,870 shares in the last quarter. South Dakota Investment Council purchased a new stake in shares of Lincoln Electric in the 3rd quarter valued at $248,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Lincoln Electric in the 2nd quarter valued at $280,000. 63.93% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Lincoln Electric (LECO) PT Raised to $96.00 at Barclays” was originally reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/01/24/lincoln-electric-leco-given-a-96-00-price-target-by-barclays-analysts.html.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc is a manufacturer of welding, cutting and brazing products. The Company operates through three segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia and Australia.

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