Lincoln Electric (LECO) Stock Forecast, Price Target & Predictions
LECO Stock Forecast
Lincoln Electric stock forecast is as follows: an average price target of $205.60 (represents a 0.90% upside from LECO’s last price of $203.77) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
LECO Price Target
The average price target for Lincoln Electric (LECO) is $205.60 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $265.00 to $136.00. This represents a potential 0.90% upside from LECO's last price of $203.77.
LECO Analyst Ratings
According to 4 Wall Street analysts, Lincoln Electric's rating consensus is 'Buy'. The analyst rating breakdown for LECO stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 0 'Hold' (0.00%), 1 'Sell' (25.00%), and 0 'Strong Sell' (0.00%).
Lincoln Electric Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 14, 2024 | Steve Barger | KeyBanc | $230.00 | $210.53 | 9.25% | 12.87% |
| Oct 16, 2024 | Nathan Jones | Stifel Nicolaus | $185.00 | $192.20 | -3.75% | -9.21% |
| Sep 04, 2024 | Steve Barger | KeyBanc | $210.00 | $175.89 | 19.39% | 3.06% |
| Sep 04, 2024 | Mircea Dobre | Robert W. Baird | $212.00 | $175.21 | 21.00% | 4.04% |
| May 24, 2024 | Chris Dankert | Loop Capital Markets | $265.00 | $205.57 | 28.91% | 30.05% |
| May 23, 2024 | Mircea Dobre | Robert W. Baird | $236.00 | $207.06 | 13.98% | 15.82% |
| Apr 25, 2024 | Mircea Dobre | Robert W. Baird | $252.00 | $227.93 | 10.56% | 23.67% |
| Apr 17, 2024 | Nathan Jones | Stifel Nicolaus | $241.00 | $239.51 | 0.62% | 18.27% |
| Jun 28, 2023 | Steve Barger | Loop Capital Markets | $232.00 | $194.31 | 19.40% | 13.85% |
| Oct 27, 2022 | Mircea Dobre | Robert W. Baird | $152.00 | $139.91 | 8.64% | -25.41% |
The latest Lincoln Electric stock forecast, released on Nov 14, 2024 by Steve Barger from KeyBanc, set a price target of $230.00, which represents a 9.25% increase from the stock price at the time of the forecast ($210.53), and a 12.87% increase from LECO last price ($203.77).
Lincoln Electric Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 8 |
| Avg Price Target | $230.00 | $209.25 | $228.88 |
| Last Closing Price | $203.77 | $203.77 | $203.77 |
| Upside/Downside | 12.87% | 2.69% | 12.32% |
In the current month, the average price target of Lincoln Electric stock is $230.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.87% increase as opposed to Lincoln Electric's last price of $203.77. This month's average price target is up 9.92% compared to last quarter, and up 0.49% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 04, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 01, 2024 | Barclays | Overweight | Overweight | Hold |
| May 28, 2024 | Bank of America Securities | Underperform | Underperform | Hold |
| May 24, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Apr 15, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| Jun 27, 2023 | KeyBanc | - | Overweight | Upgrade |
| Jul 18, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 29, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Lincoln Electric's last stock rating was published by Barclays on Sep 04, 2024. The company gave LECO a "Overweight" rating, the same as its previous rate.
Lincoln Electric Financial Forecast
Lincoln Electric Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.06B | $1.03B | $1.06B | $1.04B | $930.93M | $935.24M | $969.59M | $925.45M | $844.25M | $806.45M | $826.45M | $757.02M | $693.79M | $668.89M | $590.73M | $701.99M | $736.31M | $730.78M |
| Avg Forecast | $1.12B | $1.09B | $1.12B | $1.08B | $1.07B | $1.04B | $1.06B | $1.00B | $1.00B | $988.07M | $1.02B | $1.04B | $1.03B | $1.04B | $1.10B | $1.03B | $922.94M | $910.89M | $938.47M | $870.46M | $821.08M | $806.20M | $790.13M | $729.03M | $686.40M | $614.09M | $556.21M | $709.89M | $735.56M | $750.19M |
| High Forecast | $1.14B | $1.12B | $1.14B | $1.11B | $1.09B | $1.06B | $1.08B | $1.03B | $1.02B | $999.25M | $1.02B | $1.04B | $1.08B | $1.07B | $1.12B | $1.05B | $942.38M | $910.89M | $938.47M | $870.46M | $821.08M | $806.20M | $790.13M | $729.03M | $686.40M | $614.09M | $556.21M | $709.89M | $735.56M | $750.19M |
| Low Forecast | $1.09B | $1.06B | $1.09B | $1.06B | $1.04B | $1.01B | $1.03B | $976.47M | $979.19M | $976.89M | $1.02B | $1.04B | $991.48M | $1.02B | $1.07B | $1.00B | $898.39M | $910.89M | $938.47M | $870.46M | $821.08M | $806.20M | $790.13M | $729.03M | $686.40M | $614.09M | $556.21M | $709.89M | $735.56M | $750.19M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 5 | 4 | 8 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 7 | 7 | 9 | 8 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.99% | 0.97% | 1.01% | 1.01% | 1.03% | 1.03% | 1.06% | 1.03% | 1.00% | 1.05% | 1.04% | 1.01% | 1.09% | 1.06% | 0.99% | 1.00% | 0.97% |
Lincoln Electric's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.04B, with a low forecast of $1.04B, and a high forecast of $1.04B. LECO's average Quarter revenue forecast represents a -1.70% decrease compared to the company's last Quarter revenue of $1.06B (Dec 23).
Lincoln Electric EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 5 | 4 | 8 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 7 | 7 | 9 | 8 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $204.07M | $171.44M | $178.01M | $190.75M | $165.82M | $173.31M | $185.42M | $187.62M | $97.65M | $66.18M | $142.74M | $121.67M | $106.15M | $98.32M | $59.59M | $102.42M | $107.17M | $119.35M |
| Avg Forecast | $199.71M | $195.22M | $199.72M | $193.75M | $191.11M | $186.15M | $189.43M | $179.04M | $179.28M | $176.52M | $181.94M | $191.90M | $184.83M | $185.92M | $196.31M | $174.45M | $103.26M | $151.10M | $155.67M | $137.91M | $136.20M | $133.73M | $131.07M | $104.44M | $113.86M | $101.86M | $92.26M | $102.42M | $122.01M | $124.44M |
| High Forecast | $203.92M | $199.33M | $203.93M | $197.83M | $195.13M | $190.07M | $193.42M | $183.16M | $182.83M | $178.52M | $181.94M | $230.28M | $193.80M | $191.95M | $200.45M | $209.34M | $123.91M | $151.10M | $155.67M | $165.49M | $136.20M | $133.73M | $131.07M | $125.32M | $113.86M | $101.86M | $92.26M | $122.90M | $122.01M | $124.44M |
| Low Forecast | $194.40M | $190.03M | $194.41M | $188.60M | $186.02M | $181.20M | $184.39M | $174.45M | $174.94M | $174.52M | $181.94M | $153.52M | $177.13M | $181.55M | $191.09M | $139.56M | $82.61M | $151.10M | $155.67M | $110.33M | $136.20M | $133.73M | $131.07M | $83.55M | $113.86M | $101.86M | $92.26M | $81.93M | $122.01M | $124.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.92% | 0.91% | 1.09% | 1.61% | 1.15% | 1.19% | 1.36% | 0.72% | 0.49% | 1.09% | 1.17% | 0.93% | 0.97% | 0.65% | 1.00% | 0.88% | 0.96% |
4 analysts predict LECO's average Quarter EBITDA for Mar 24 to be $191.90M, with a high of $230.28M and a low of $153.52M. This is -5.96% lower than Lincoln Electric's previous annual EBITDA (Dec 23) of $204.07M.
Lincoln Electric Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 5 | 4 | 8 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 7 | 7 | 9 | 8 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $156.64M | $129.34M | $137.33M | $121.93M | $109.15M | $109.22M | $127.82M | $126.03M | $74.41M | $31.76M | $96.11M | $74.18M | $65.08M | $58.48M | $27.00M | $55.56M | $63.72M | $72.46M |
| Avg Forecast | $148.95M | $147.84M | $155.52M | $144.26M | $134.05M | $135.29M | $139.02M | $124.96M | $116.20M | $118.44M | $130.86M | $130.22M | $124.23M | $128.42M | $132.14M | $118.38M | $78.70M | $112.08M | $113.22M | $93.58M | $90.01M | $87.96M | $84.71M | $63.67M | $61.05M | $45.32M | $19.92M | $55.56M | $64.54M | $71.21M |
| High Forecast | $153.03M | $151.89M | $159.78M | $148.21M | $137.72M | $139.00M | $142.82M | $131.41M | $120.78M | $123.39M | $130.86M | $156.26M | $127.63M | $133.56M | $135.76M | $142.05M | $94.44M | $112.08M | $113.22M | $112.29M | $90.01M | $87.96M | $84.71M | $76.40M | $61.05M | $45.32M | $19.92M | $66.67M | $64.54M | $71.21M |
| Low Forecast | $143.80M | $142.73M | $150.14M | $139.27M | $129.41M | $130.61M | $134.21M | $119.09M | $105.89M | $113.50M | $130.86M | $104.17M | $120.26M | $121.57M | $127.57M | $94.70M | $62.96M | $112.08M | $113.22M | $74.86M | $90.01M | $87.96M | $84.71M | $50.93M | $61.05M | $45.32M | $19.92M | $44.45M | $64.54M | $71.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.26% | 1.01% | 1.04% | 1.03% | 1.39% | 0.97% | 1.13% | 1.35% | 0.83% | 0.36% | 1.13% | 1.17% | 1.07% | 1.29% | 1.36% | 1.00% | 0.99% | 1.02% |
Lincoln Electric's average Quarter net income forecast for Mar 24 is $130.22M, with a range of $104.17M to $156.26M. LECO's average Quarter net income forecast represents a -16.87% decrease compared to the company's last Quarter net income of $156.64M (Dec 23).
Lincoln Electric SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 5 | 4 | 8 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 7 | 7 | 9 | 8 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $188.93M | $187.12M | $192.75M | $190.12M | $164.11M | $159.04M | $166.79M | $166.69M | $150.76M | $149.12M | $151.56M | $145.68M | $136.36M | $131.34M | $126.38M | $149.73M | $149.38M | $148.31M |
| Avg Forecast | $209.89M | $205.18M | $209.90M | $203.63M | $200.85M | $195.64M | $199.08M | $188.16M | $188.42M | $185.52M | $191.21M | $172.22M | $194.25M | $195.39M | $206.32M | $156.57M | $159.41M | $171.14M | $176.33M | $123.77M | $154.27M | $151.47M | $148.46M | $125.04M | $128.97M | $115.38M | $104.50M | $149.73M | $138.20M | $140.95M |
| High Forecast | $214.31M | $209.50M | $214.32M | $207.92M | $205.08M | $199.76M | $203.28M | $192.50M | $192.15M | $187.62M | $191.21M | $206.67M | $203.68M | $201.73M | $210.66M | $187.88M | $191.30M | $171.14M | $176.33M | $148.52M | $154.27M | $151.47M | $148.46M | $150.05M | $128.97M | $115.38M | $104.50M | $179.67M | $138.20M | $140.95M |
| Low Forecast | $204.31M | $199.72M | $204.32M | $198.21M | $195.51M | $190.44M | $193.79M | $183.34M | $183.85M | $183.42M | $191.21M | $137.78M | $186.16M | $190.80M | $200.83M | $125.25M | $127.53M | $171.14M | $176.33M | $99.01M | $154.27M | $151.47M | $148.46M | $100.03M | $128.97M | $115.38M | $104.50M | $119.78M | $138.20M | $140.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.96% | 0.93% | 1.21% | 1.03% | 0.93% | 0.95% | 1.35% | 0.98% | 0.98% | 1.02% | 1.17% | 1.06% | 1.14% | 1.21% | 1.00% | 1.08% | 1.05% |
Lincoln Electric's average Quarter SG&A projection for Mar 24 is $172.22M, based on 4 Wall Street analysts, with a range of $137.78M to $206.67M. The forecast indicates a -8.84% fall compared to LECO last annual SG&A of $188.93M (Dec 23).
Lincoln Electric EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 7 | 3 | 5 | 4 | 8 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 7 | 7 | 9 | 8 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.70 | $2.26 | $2.39 | $2.12 | $1.89 | $1.89 | $2.20 | $2.15 | $1.26 | $0.54 | $1.62 | $1.24 | $1.09 | $0.98 | $0.45 | $0.92 | $1.04 | $1.18 |
| Avg Forecast | $2.61 | $2.59 | $2.73 | $2.53 | $2.35 | $2.37 | $2.44 | $2.19 | $2.04 | $2.08 | $2.29 | $2.17 | $2.18 | $2.25 | $2.32 | $2.05 | $1.90 | $1.95 | $1.97 | $1.67 | $1.57 | $1.53 | $1.48 | $1.18 | $1.06 | $0.79 | $0.35 | $1.00 | $1.13 | $1.24 |
| High Forecast | $2.68 | $2.66 | $2.80 | $2.60 | $2.41 | $2.44 | $2.50 | $2.30 | $2.12 | $2.16 | $2.29 | $2.17 | $2.24 | $2.34 | $2.38 | $2.10 | $1.93 | $1.95 | $1.97 | $1.67 | $1.57 | $1.53 | $1.48 | $1.18 | $1.06 | $0.79 | $0.35 | $1.00 | $1.13 | $1.24 |
| Low Forecast | $2.52 | $2.50 | $2.63 | $2.44 | $2.27 | $2.29 | $2.35 | $2.09 | $1.86 | $1.99 | $2.29 | $2.17 | $2.11 | $2.13 | $2.24 | $1.98 | $1.88 | $1.95 | $1.97 | $1.67 | $1.57 | $1.53 | $1.48 | $1.18 | $1.06 | $0.79 | $0.35 | $1.00 | $1.13 | $1.24 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.24% | 1.00% | 1.03% | 1.03% | 0.99% | 0.97% | 1.11% | 1.29% | 0.80% | 0.35% | 1.10% | 1.05% | 1.02% | 1.24% | 1.30% | 0.92% | 0.92% | 0.95% |
According to 4 Wall Street analysts, Lincoln Electric's projected average Quarter EPS for Mar 24 is $2.17, with a low estimate of $2.17 and a high estimate of $2.17. This represents a -19.68% decrease compared to LECO previous annual EPS of $2.70 (Dec 23).
Lincoln Electric Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SWK | Stanley Black & Decker | $86.31 | $150.18 | 74.00% | Hold |
| TTC | Toro Company | $80.82 | $111.00 | 37.34% | Buy |
| HLMN | Hillman Solutions | $10.82 | $13.50 | 24.77% | Buy |
| TKR | Timken Company | $73.50 | $88.78 | 20.79% | Buy |
| LECO | Lincoln Electric | $203.77 | $205.60 | 0.90% | Buy |
| KMT | Kennametal | $27.97 | $26.50 | -5.26% | Hold |
| SNA | Snap-on | $354.74 | $301.00 | -15.15% | Buy |