Robert W. Baird analyst Mircea Dobre maintained a Buy rating on Lincoln Electric Holdings (NASDAQ:LECO) on Tuesday, setting a price target of $155, which is approximately 14.13% above the present share price of $135.81.
Dobre expects Lincoln Electric Holdings to post earnings per share (EPS) of $1.24 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Lincoln Electric Holdings, with an average price target of $149.25.
The analysts price targets range from a high of $155 to a low of $142.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $757.02 million and a net profit of $108.09 million. The company's market cap is $8.09 billion.
According to TipRanks.com, Robert W. Baird analyst Mircea Dobre is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.7% and a 62.11% success rate.
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. The firm offers CNC plasma and oxy-fuel cutting systems, regulators and torches used in oxy-fuel welding, cutting and brazing. It operates through the following segments: Americas Welding, International Welding and The Harris Products Group. The Americas Welding segment includes welding operations in North and South America. The International Welding segment primarily includes welding operations in Europe, Africa, Asia, and Australia. The Harris Products Group includes the company's global cutting, soldering and brazing businesses as well as the retail business in the United States. The company was founded on 1895 and is headquartered in Cleveland, OH.