Central Federal (CFBK) Forms $2.40 Double Top; Lincoln Electric Holdings (LECO) Has 1.6 Sentiment

March 17, 2018 - By Annabelle Johnson

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, makes, and sells welding, cutting, and brazing products worldwide. The company has market cap of $6.13 billion. It operates through three divisions: Americas Welding, International Welding, and The Harris Products Group. It has a 25.15 P/E ratio. The companyÂ’s welding products include arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products.

Central Federal Corporation (CFBK) formed double top with $2.57 target or 7.00% above today’s $2.40 share price. Central Federal Corporation (CFBK) has $56.04 million valuation. The stock increased 1.27% or $0.03 during the last trading session, reaching $2.4. About 9,266 shares traded. Central Federal Corporation (NASDAQ:CFBK) has risen 61.48% since March 17, 2017 and is uptrending. It has outperformed by 44.78% the S&P500.

Analysts await Lincoln Electric Holdings, Inc. (NASDAQ:LECO) to report earnings on April, 17. They expect $1.07 earnings per share, up 21.59% or $0.19 from last year’s $0.88 per share. LECO’s profit will be $70.24 million for 21.80 P/E if the $1.07 EPS becomes a reality. After $1.01 actual earnings per share reported by Lincoln Electric Holdings, Inc. for the previous quarter, Wall Street now forecasts 5.94% EPS growth.

The stock increased 1.19% or $1.1 during the last trading session, reaching $93.31. About 488,470 shares traded or 8.33% up from the average. Lincoln Electric Holdings, Inc. (LECO) has risen 53.15% since March 17, 2017 and is uptrending. It has outperformed by 36.45% the S&P500.

Lawson Kroeker Investment Management Inc Ne holds 2.67% of its portfolio in Lincoln Electric Holdings, Inc. for 92,540 shares. Robotti Robert owns 97,716 shares or 2.46% of their US portfolio. Moreover, Garrison Financial Corp has 2.33% invested in the company for 45,244 shares. The New York-based Lodge Hill Capital Llc has invested 2.12% in the stock. Saturna Capital Corp, a Washington-based fund reported 361,200 shares.

Ratings analysis reveals 0 of Lincoln Electric’s analysts are positive. Out of 5 Wall Street analysts rating Lincoln Electric, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $70.0 while the high is $84.0. The stock’s average target of $77 is -17.48% below today’s ($93.31) share price. LECO was included in 5 notes of analysts from September 7, 2016. Deutsche Bank initiated Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Wednesday, September 7 with “Hold” rating. The rating was downgraded by Northcoast to “Neutral” on Tuesday, November 15. The company was downgraded on Thursday, December 8 by Stifel Nicolaus. KeyBanc Capital Markets downgraded Lincoln Electric Holdings, Inc. (NASDAQ:LECO) on Monday, November 21 to “Sector Weight” rating. As per Monday, October 24, the company rating was downgraded by Longbow.