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Lincoln Electric (LECO) Stock Forecast & Price Target

$199.37
-3.10 (-1.53%)
(As of 04:27 PM 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 9 Analyst Ratings

Consensus Price Target

$225.29
13.00% Upside
High Forecast$265.00
Average Forecast$225.29
Low Forecast$170.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
Hold
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$225.29$216.63$208.56$178.50
Forecasted Upside13.00% Upside3.00% Upside3.41% Upside9.76% Upside
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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.
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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.
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Lincoln Electric Stock vs. The Competition

TypeLincoln ElectricIndustrial Products CompaniesS&P 500
Consensus Rating Score
2.33
2.52
2.49
Consensus RatingHoldModerate BuyHold
Predicted Upside12.79% Upside44.67% Upside10.69% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/24/2024Loop Capital
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 Lower TargetBuy ➝ Buy$285.00 ➝ $265.00+30.12%
5/24/2024Robert W. Baird
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 Lower TargetOutperform ➝ Outperform$252.00 ➝ $236.00+14.80%
5/24/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$280.00 ➝ $240.00+16.75%
4/29/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
4/26/2024Stifel Nicolaus
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 Lower TargetHold ➝ Hold$241.00 ➝ $238.00+3.90%
1/11/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$215.00 ➝ $250.00+19.66%
1/8/2024Morgan Stanley
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 Initiated CoverageUnderweight$178.00-15.73%
10/31/2023Seaport Res Ptn
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W. Liptak
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UpgradeNeutral ➝ Buy
9/27/2023UBS Group
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 Initiated CoverageSell$170.00-4.50%
5/16/2023CL King
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 Initiated CoverageNeutral
5/2/2023Barclays
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 Boost Target$145.00 ➝ $185.00+8.43%
4/28/2023888
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 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:05 PM ET.

LECO Frequently Asked Questions

What is Lincoln Electric's stock forecast and purchase recommendation?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Lincoln Electric is $225.29, with a high forecast of $265.00 and a low forecast of $170.00. The consensus rating for Lincoln Electric stock is Hold based on the current 2 sell ratings, 2 hold ratings and 5 buy ratings for LECO. Learn more on LECO's analyst rating history.

Do Wall Street analysts like Lincoln Electric more than its competitors?

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.

Does Lincoln Electric's stock price have much upside?

According to analysts, Lincoln Electric's stock has a predicted upside of 9.36% based on their 12-month stock forecasts.

What analysts cover Lincoln Electric?

Lincoln Electric has been rated by research analysts at KeyCorp, Loop Capital, Oppenheimer, Robert W. Baird, and Stifel Nicolaus in the past 90 days.


Stock Forecasts and Research Tools

This page (NASDAQ:LECO) was last updated on 5/28/2024 by MarketBeat.com Staff

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