Lincoln Electric (LECO) Stock Forecast & Price Target

$203.19 -0.58 (-0.28%)

(As of 11/20/2024 ET)

Lincoln Electric - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 7 Analyst Ratings

Sell
1

Hold
2

Buy
4

Based on 7 Wall Street analysts who have issued ratings for Lincoln Electric in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 2 have given a hold rating, and 4 have given a buy rating for LECO.

Consensus Price Target

$220.00
8.27% Upside

According to the 7 analysts' twelve-month price targets for Lincoln Electric, the average price target is $220.00. The highest price target for LECO is $265.00, while the lowest price target for LECO is $178.00. The average price target represents a forecasted upside of 8.27% from the current price of $203.19.

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LECO Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$220.00	$221.67	$219.43	$181.86
Forecasted Upside	8.27% Upside	13.23% Upside	10.83% Upside	-6.43% Downside
Consensus Rating	Hold	Moderate Buy	Hold	Hold

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LECO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LECO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lincoln Electric Stock vs. The Competition

Type	Lincoln Electric	Industrial Products Companies	S&P 500
Consensus Rating Score	2.43	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	8.27% Upside	43.31% Upside	9.83% Upside
News Sentiment Rating	Neutral News See Recent LECO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$210.00 ➝ $230.00	+9.25%
10/16/2024	Stifel Nicolaus 4 of 5 stars		Boost Target	Hold ➝ Hold	$184.00 ➝ $185.00	-4.26%
9/4/2024	Robert W. Baird 2 of 5 stars		Lower Target	Outperform ➝ Outperform	$220.00 ➝ $212.00	+20.91%
5/24/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$285.00 ➝ $265.00	+30.12%
4/29/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
1/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $250.00	+19.66%
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1/8/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight	$178.00	-15.73%
10/31/2023	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Liptak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
9/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$170.00	-4.50%
5/16/2023	CL King Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
5/2/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$145.00 ➝ $185.00	+8.43%
4/28/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:09 AM ET.

LECO Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Lincoln Electric is $220.00, with a high forecast of $265.00 and a low forecast of $178.00.
: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lincoln Electric in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LECO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LECO, but not buy additional shares or sell existing shares.
: According to analysts, Lincoln Electric's stock has a predicted upside of 8.27% based on their 12-month stock forecasts.
: Lincoln Electric has been rated by research analysts at KeyCorp, Robert W. Baird, and Stifel Nicolaus in the past 90 days.
: Analysts like Lincoln Electric less than other "industrial products" companies. The consensus rating for Lincoln Electric is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how LECO compares to other companies.

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This page (NASDAQ:LECO) was last updated on 11/21/2024 by MarketBeat.com Staff

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Lincoln Electric (LECO) Stock Forecast & Price Target