In a report released today, Bryan Blair from Oppenheimer assigned a Buy rating to Lincoln Electric Holdings (LECO). The company’s shares opened today at $87.28.
According to TipRanks.com, Blair is a 4-star analyst with an average return of 10.5% and a 79.5% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Watts Water Technologies, and Mueller Water Products.
Lincoln Electric Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $95, which is an 8.8% upside from current levels. In a report issued on April 16, Stifel Nicolaus also maintained a Buy rating on the stock with a $98 price target.
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The company has a one-year high of $97.93 and a one-year low of $72.27. Currently, Lincoln Electric Holdings has an average volume of 330.1K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.
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Lincoln Electric Holdings, Inc. engages in the manufacture of arc welding equipment, consumable welding products and other welding and cutting products. Its welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes.
