Lincoln Electric (NASDAQ:LECO) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other research firms also recently issued reports on LECO. Barclays increased their price objective on shares of Lincoln Electric from $90.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Lincoln Electric from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. FBR & Co reaffirmed a “buy” rating and set a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a report on Friday, October 27th. Stifel Nicolaus raised shares of Lincoln Electric from a “hold” rating to a “buy” rating and increased their price objective for the company from $97.00 to $116.00 in a report on Tuesday, January 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Lincoln Electric in a report on Friday, October 20th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Lincoln Electric presently has an average rating of “Hold” and an average target price of $103.38.
Shares of Lincoln Electric (NASDAQ LECO) opened at $86.82 on Friday. The company has a market cap of $5,708.94, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.70 and a beta of 1.04. The company has a current ratio of 2.55, a quick ratio of 1.83 and a debt-to-equity ratio of 0.75. Lincoln Electric has a 52-week low of $81.39 and a 52-week high of $101.34.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.americanbankingnews.com/2018/02/11/bidaskclub-lowers-lincoln-electric-leco-to-hold.html.
About Lincoln Electric
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.
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.