Lincoln Electric (LECO) Upgraded by BidaskClub to “Strong-Buy”

BidaskClub upgraded shares of Lincoln Electric (NASDAQ:LECO) from a buy rating to a strong-buy rating in a report issued on Tuesday.

Several other research firms have also recently weighed in on LECO. FBR & Co reiterated a buy rating and set a $115.00 price objective (up from $105.00) on shares of Lincoln Electric in a research report on Friday, October 27th. Stifel Nicolaus upgraded shares of Lincoln Electric from a hold rating to a buy rating and lifted their price objective for the stock from $97.00 to $116.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of Lincoln Electric from a hold rating to a buy rating and set a $110.00 price objective on the stock in a research report on Tuesday. KeyCorp reiterated a hold rating on shares of Lincoln Electric in a research report on Friday, October 20th. Finally, Robert W. Baird reiterated a hold rating and set a $92.00 price objective on shares of Lincoln Electric in a research report on Friday, October 13th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $102.63.

Lincoln Electric (LECO) traded up $1.09 during trading on Tuesday, reaching $100.01. 373,762 shares of the company’s stock traded hands, compared to its average volume of 431,931. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.55. The firm has a market capitalization of $6,479.57, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.96 and a beta of 1.08. Lincoln Electric has a 12-month low of $80.15 and a 12-month high of $100.68.

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

Several large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC boosted its stake in shares of Lincoln Electric by 0.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 29,200 shares of the industrial products company’s stock valued at $2,689,000 after buying an additional 100 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Lincoln Electric by 0.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 41,508 shares of the industrial products company’s stock valued at $3,822,000 after buying an additional 302 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Lincoln Electric by 11.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,533 shares of the industrial products company’s stock valued at $325,000 after buying an additional 361 shares during the period. Voya Investment Management LLC boosted its stake in shares of Lincoln Electric by 0.5% during the 2nd quarter. Voya Investment Management LLC now owns 78,019 shares of the industrial products company’s stock valued at $7,185,000 after buying an additional 389 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in shares of Lincoln Electric by 11.8% during the 2nd quarter. Suntrust Banks Inc. now owns 4,041 shares of the industrial products company’s stock valued at $371,000 after buying an additional 425 shares during the period. 63.64% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Lincoln Electric (LECO) Upgraded by BidaskClub to “Strong-Buy”” was published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3146480/lincoln-electric-leco-upgraded-by-bidaskclub-to-strong-buy.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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.