Zacks Investment Research downgraded Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to Sell in a report released today.
- Updated: October 3, 2016
Yesterday Lincoln Electric Holdings, Inc. (NASDAQ:LECO) traded 0.43% higher at $62.97. The company’s 50-day moving average is $63.05 and its 200-day moving average is $60.99. The last stock close price is up 3.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 364,401 shares of the stock were exchanged, down from an average trading volume of 378,712
Zacks Investment Research has downgraded Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to Sell in a report released on Monday October 03, 2016.
Previously on 9/07/2016, Deutsche Bank reported about Lincoln Electric Holdings, Inc. (NASDAQ:LECO) raised the target price from $0.00 to $70.00. At the time, this indicated a possible upside of 0.10%.
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Lincoln Electric Holdings, Inc. has a 52 week low of $45.54 and a 52 week high of $65.33 with a P/E ratio of 61.48 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $66.08 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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, as well as the retail business in the United States.
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