Rosenblatt Securities Forecasts Strong Price Appreciation for Lincoln Educational Services (NASDAQ:LINC) Stock

Lincoln Educational Services (NASDAQ:LINC) had its target price hoisted by Rosenblatt Securities from $20.00 to $24.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. B. Riley boosted 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. Barrington Research reiterated an “outperform” rating and set a $20.00 price target on shares of Lincoln Educational Services in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

Lincoln Educational Services Trading Down 1.6 %

Shares of LINC stock opened at $17.99 on Tuesday. The business’s 50 day moving average is $16.25 and its two-hundred day moving average is $14.48. 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 has a 12 month low of $9.29 and a 12 month high of $19.79. The company has a market cap of $566.31 million, a PE ratio of 56.22, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. The business had revenue of $119.37 million for the quarter, compared to analyst estimates of $110.50 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. Equities analysts predict that Lincoln Educational Services will post 0.54 EPS for the current year.

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $16.19, for a total value of $992,268.91. Following the sale, the insider now owns 425,544 shares of the company’s stock, valued at $6,889,557.36. The trade was a 12.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. McIlrath & Eck LLC grew its stake in shares of Lincoln Educational Services by 156.4% in the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company’s stock valued at $36,000 after purchasing an additional 1,383 shares during the period. Summit Investment Advisors Inc. boosted its stake in Lincoln Educational Services by 39.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock valued at $43,000 after buying an additional 775 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services in the 4th quarter valued at $101,000. Aquatic Capital Management LLC bought a new stake in Lincoln Educational Services in the fourth quarter valued at $135,000. Finally, Janus Henderson Group PLC acquired a new position in Lincoln Educational Services during the third quarter worth $144,000. Institutional investors and hedge funds own 72.23% of the company’s stock.

About Lincoln Educational Services

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.