
LECO Stock Forecast & Price Target
LECO Analyst Ratings
Bulls say
Lincoln Electric Holdings has demonstrated strong revenue growth in 2022, outpacing competitors like ESAB, largely due to a robust presence in the Americas during a favorable US manufacturing environment. The company is anticipated to achieve a 36 basis points expansion in EBIT margin, projected to reach 11.4%, reflecting improved operational efficiency. Additionally, the Harris Products Group is expected to see a 7.3% year-over-year revenue increase, further fueled by solid unit volume growth and effective pricing strategies, reinforcing Lincoln Electric's financial performance and growth trajectory.
Bears say
Lincoln Electric Holdings has encountered a 1.3% to 1% decline in unit sales, reflecting weakening demand in a challenging market environment. Despite achieving a positive impact from pricing strategies and acquisitions, the overall unit sales decline indicates underlying weakness, compounded by external factors such as foreign exchange headwinds. Given the historical trend of contraction in the welding industry during periods of slowing industrial activity, this raises concerns about the company's future revenue growth potential.
This aggregate rating is based on analysts' research of Lincoln Electric Hlds and is not a guaranteed prediction by Public.com or investment advice.
LECO Analyst Forecast & Price Prediction
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