Janney Montgomery Scott Starts Stock Coverage on Lincoln Electric Holdings (LECO)
Investment analysts at Janney Montgomery Scott assumed coverage on shares of Lincoln Electric Holdings (NASDAQ: LECO) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.
Shares of Lincoln Electric Holdings traded down 1.21% during mid-day trading on Thursday, hitting $48.92. Lincoln Electric Holdings has a 52 week low of $26.84 and a 52 week high of $50.33. The company has a market cap of $4.095 billion and a P/E ratio of 17.88.
Lincoln Electric Holdings last announced its earnings results on Tuesday, April 24th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.08. Lincoln Electric Holdings’s revenue was up 21.3% compared to the same quarter last year. On average, analysts predict that Lincoln Electric Holdings will post $0.81 earnings per share next quarter.
A number of other firms have also recently commented on LECO. Analysts at Zacks reiterated an “outperform” rating on shares of Lincoln Electric Holdings in a research note to investors on Thursday, April 26th. They now have a $58.00 price target on the stock. Separately, analysts at Barrington Research raised their price target on shares of Lincoln Electric Holdings from $50.00 to $55.00 in a research note to investors on Wednesday, April 25th. They now have an “outperform” rating on the stock. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Lincoln Electric Holdings in a research note to investors on Monday, March 5th. They set a “buy” rating and a $56.00 price target on the stock.
Lincoln Electric Holdings, Inc. is a manufacturer and reseller of welding and cutting products. Welding products include welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.