Lincoln Electric (NASDAQ:LECO) Price Target & New Coverage by Barclays
New York: Lincoln Electric (NASDAQ:LECO) coverage was was initiated with a Equal Weight rating and $90.0 price target at Barclays. Barclays’s target price per share would suggest downside of -1.82 % from the company’s previous close.
Despite the new coverage NASDAQ:LECO is right now trading -6.41% lower at $92.35 as of 2:03 PM New York time. Lincoln Electric shares have [From2] 0% over the past 200 days, while the S&P500 Index has increased 6.00% for the same time period.
Out of 12 analysts covering Lincoln Electric, 4 rate it a Buy, 10 indicate a Hold while 0 suggest a Sell. The highest target is $85 and the lowest is $54 according to Thomson/First Call. The 12-month mean target is $66.08, which means downside potential of 28.45% over the current price.
Lawson Kroeker Investment Management Inc Ne had the most significant stake with ownership of 182,134 shares as of Q2 2015 for 3.68% of the fund’s portfolio. Robotti Robert is another bullish fund who is possessing 98,330 shares of Lincoln Electric or 2.11% of their fund’s portfolio. Furthermore, Garrison Financial Corp have 1.9% of their fund’s portfolio invested in the company for 47,314 shares. The Sweden-based fund Alecta Pensionsforsakring Omsesidigt disclosed it had acquired so far a stake worth about 0.84% of the fund’s stock portfolio in Lincoln Electric. The Michigan-based fund Advance Capital I Inc is also positive about the stock, possessing 1.40M shares or 0.82% of their fund’s portfolio.
Lincoln Electric (NASDAQ:LECO) 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.
Lincoln Electric (NASDAQ:LECO) traded down -6.41% on 13 December, hitting $92.35. A total of shares of the company’s stock traded hands. This is down from average of 328,465 shares. Lincoln Electric has a 52 week low of $63.49 and a 52 week high of $99.59. The company has a market cap of $6.09B and a P/E ratio of 22.23.
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