A share price of Lincoln Electric Holdings, Inc [LECO] is currently trading at $218.40, up 7.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LECO shares have gain 10.72% over the last week, with a monthly amount glided 15.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lincoln Electric Holdings, Inc [NASDAQ: LECO] stock has seen the most recent analyst activity on January 08, 2024, when Morgan Stanley initiated its Underweight rating and assigned the stock a price target of $178. Previously, Seaport Research Partners upgraded its rating to Buy on October 31, 2023, and kept the price target unchanged to $210. On September 27, 2023, UBS initiated with a Sell rating and assigned a price target of $170 on the stock. Oppenheimer downgraded its rating to a Perform. KeyBanc Capital Markets upgraded its rating to a Overweight but $232 remained the price target by the analyst firm on June 28, 2023. In a note dated January 06, 2022, Loop Capital initiated an Buy rating and provided a target price of $170 on this stock.
Lincoln Electric Holdings, Inc experienced fluctuations in its stock price throughout the past year between $169.51 and $261.13. Currently, Wall Street analysts expect the stock to reach $201.6 within the next 12 months. Lincoln Electric Holdings, Inc [NASDAQ: LECO] shares were valued at $218.40 at the most recent close of the market. An investor can expect a potential drop of -7.69% based on the average LECO price forecast.
Analyzing the LECO fundamentals
Trailing Twelve Months sales for Lincoln Electric Holdings, Inc [NASDAQ:LECO] were 4.04B which represents -4.56% decline. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.37 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 214.23 points at the first support level, and at 210.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 222.36, and for the 2nd resistance point, it is at 226.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lincoln Electric Holdings, Inc [NASDAQ:LECO] is 1.85. Further, the Quick Ratio stands at 1.20, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 3.05, the price to book ratio is 9.20 and price to earnings (TTM) ratio is 26.05.
Transactions by insiders
Recent insider trading involved Whitehead Michael J, SVP, PRESIDENT, GLOBAL AUTOMAT, that happened on Sep 06 ’24 when 1100.0 shares were sold. Officer, MICHAEL WHITEHEAD completed a deal on Sep 06 ’24 to buy 1100.0 shares. Meanwhile, EXECUTIVE CHAIRMAN MAPES CHRISTOPHER L sold 83490.0 shares on Mar 14 ’24.
