Is More Good News Ahead for Recent Winner Lincoln Electric Holdings (LECO)?

Zacks

One company that should be on your radar is Lincoln Electric Holdings Inc. (LECO). The stock of this Manufacturer and reseller of welding and cutting products company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Buy.     

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For LECO’s full year estimate, we have seen 5 estimates go higher in the past 30 days, compared to 1 downward revision. This trend has helped the consensus estimate to trend higher, going from a $3.82 a share a month ago to its current level at $3.92.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, LECO has seen some pretty solid trading lately, as the company has moved higher by 10.7 % in the past month.

If LECO can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put LECO on your watch list for the future. 

Other top-ranked stocks worth considering in this space include Altra Industrial Motion Corp. (AIMC), ARC Document Solutions, Inc. (ARC) and Actuant Corporation (ATU). All these stocks carry a Zacks Rank #2 (Buy).

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LINCOLN ELECTRIC HOLDINGS INC (LECO): Free Stock Analysis Report

ALTRA INDUSTRIAL MOTION CORP (AIMC): Free Stock Analysis Report

ARC DOCUMENT SOLUTIONS INC (ARC): Free Stock Analysis Report

ACTUANT CORP (ATU): Free Stock Analysis Report


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