Oppenheimer Thinks Lincoln Electric Holdings’ Stock is Going to Recover


Oppenheimer analyst Bryan Blair maintained a Buy rating on Lincoln Electric Holdings (NASDAQ: LECO) today. The company’s shares closed yesterday at $77.81, close to its 52-week low of $77.57.

According to TipRanks.com, Blair has 0 stars on 0-5 star ranking scale with an average return of -10.5% and a 7.1% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Carlisle Companies Inc, and Mueller Water Products.

The the analyst consensus on Lincoln Electric Holdings is currently a Moderate Buy rating.

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Lincoln Electric Holdings’ market cap is currently $5.07B and has a P/E ratio of 19.90. The company has a Price to Book ratio of 5.38.

Based on the recent corporate insider activity of 36 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.

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