Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has been upgraded to Buy in a statement by TheStreet earlier today.
- Updated: September 17, 2016
TheStreet has upgraded Lincoln Electric Holdings, Inc.(NASDAQ:LECO) to Buy in a statement released on 8/17/2016.
Yesterday Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded 0.21% lower at $64.65. The company’s 50-day moving average is $63.44 and its 200-day moving average is $60.62. With the last close up 0.20% relative to the two hundred day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. Volume of trade was was up over the average, with 490,713 shares of LECO changing hands over the typical 430,569 shares..
With a market capitalization of $0.0, Lincoln Electric Holdings, Inc. has a P/E of 59 with a one-year low of $45.54 and a one-year high of $65.33.
A total of 12 brokerages have issued a research note on the company. Two firms rate the company a strong buy, two firms rate the company a buy, 10 analyts rate the stock a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with a 12-month target of $66.08
About Lincoln Electric Holdings, Inc. (NASDAQ:LECO)
Lincoln Electric Holdings, Inc. a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia, Africa and the Middle East. The Asia Pacific Welding segment primarily includes welding operations in China and Australia. The South America Welding segment primarily includes welding operations in Brazil, Colombia and Venezuela. The Harris Products Group includes the Company’s global cutting, soldering and brazing businesses, and as well as the retail business in the United States.
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