Lincoln Educational Services (NASDAQ:LINC) Given New $24.00 Price Target at Rosenblatt Securities

Lincoln Educational Services (NASDAQ:LINC) had its price target lifted by equities research analysts at Rosenblatt Securities from $20.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 25.95% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $20.00 target price on shares of Lincoln Educational Services in a research note on Wednesday, February 19th. B. Riley lifted their price objective on Lincoln Educational Services from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.75.

Lincoln Educational Services Stock Up 2.7 %

Shares of NASDAQ:LINC opened at $19.06 on Tuesday. The business has a fifty day simple moving average of $16.16 and a 200 day simple moving average of $14.42. Lincoln Educational Services has a 12-month low of $9.29 and a 12-month high of $19.79. The firm has a market cap of $599.83 million, a P/E ratio of 59.55, a P/E/G ratio of 1.70 and a beta of 1.41. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The company had revenue of $119.37 million for the quarter, compared to analyst estimates of $110.85 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. Analysts predict that Lincoln Educational Services will post 0.54 earnings per share for the current year.

Insider Activity at Lincoln Educational Services

In related news, major shareholder Juniper Investment Company, Ll sold 60,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.62, for a total value of $997,200.00. Following the sale, the insider now owns 605,005 shares in the company, valued at $10,055,183.10. This represents a 9.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 137,116 shares of company stock valued at $2,244,600 in the last three months. Corporate insiders own 16.80% of the company’s stock.

Institutional Trading of Lincoln Educational Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LINC. Barclays PLC raised its position in Lincoln Educational Services by 259.0% in the 3rd quarter. Barclays PLC now owns 34,220 shares of the company’s stock valued at $408,000 after buying an additional 24,688 shares during the last quarter. JPMorgan Chase & Co. grew its position in Lincoln Educational Services by 248.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 39,646 shares of the company’s stock worth $473,000 after purchasing an additional 28,275 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Lincoln Educational Services by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 74,935 shares of the company’s stock worth $895,000 after purchasing an additional 2,545 shares in the last quarter. Geode Capital Management LLC increased its stake in Lincoln Educational Services by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 636,160 shares of the company’s stock valued at $7,598,000 after buying an additional 11,650 shares during the last quarter. Finally, Calamos Advisors LLC lifted its holdings in Lincoln Educational Services by 38.7% during the fourth quarter. Calamos Advisors LLC now owns 91,629 shares of the company’s stock worth $1,450,000 after acquiring an additional 25,560 shares during the period. 72.23% of the stock is owned by institutional investors.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments, Campus Operations and Transitional. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising licensed practical nurse, registered nurse, dental assistant, medical assistant, medical administrative assistant, and claims examiner; hospitality service and information technology programs, such as culinary, therapeutic massage, cosmetology, aesthetics, and computer systems support technicians.