KeyBanc Remains a Buy on Lincoln Electric Holdings (LECO)
In a report released today, Steve Barger from KeyBanc maintained a Buy rating on Lincoln Electric Holdings, with a price target of $340.00.
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Barger covers the Industrials sector, focusing on stocks such as Advanced Energy, RBC Bearings, and Ametek. According to TipRanks, Barger has an average return of 20.5% and a 67.13% success rate on recommended stocks.
In addition to KeyBanc, Lincoln Electric Holdings also received a Buy from TipRanks – Google’s Google Manufacturing – Tools and Accessories in a report issued today. However, on the same day, TipRanks – Anthropic downgraded Lincoln Electric Holdings (NASDAQ: LECO) to a Hold.
Based on Lincoln Electric Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.08 billion and a net profit of $136.02 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $140.23 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LECO in relation to earlier this year. Earlier this month, Gabriel Bruno, the EVP, CFO & Treas of LECO sold 17,473.00 shares for a total of $5,002,128.49.
Read More on LECO:
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- Lincoln Electric price target raised to $320 from $275 at Seaport Research
- Lincoln Electric price target raised to $240 from $208 at Morgan Stanley
- Lincoln Electric price target raised to $330 from $295 at Baird
- Lincoln Electric price target raised to $300 from $253 at Stifel
- Lincoln Electric price target raised to $310 from $280 at Barclays
