Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $17.00

Lincoln Educational Services (NASDAQ:LINC) had its target price increased by equities research analysts at Rosenblatt Securities from $15.00 to $17.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 41.90% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barrington Research reissued an “outperform” rating and set a $16.00 price objective on shares of Lincoln Educational Services in a research note on Thursday. B. Riley increased their price objective on shares of Lincoln Educational Services from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. StockNews.com downgraded Lincoln Educational Services from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Lake Street Capital raised their price objective on Lincoln Educational Services from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Lincoln Educational Services Price Performance

LINC traded down $0.20 during midday trading on Friday, hitting $11.98. The stock had a trading volume of 102,094 shares, compared to its average volume of 117,516. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 1.98. Lincoln Educational Services has a 1 year low of $7.88 and a 1 year high of $14.52. The business has a fifty day moving average of $12.02 and a 200 day moving average of $10.94. The company has a market cap of $376.70 million, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Lincoln Educational Services had a return on equity of 9.79% and a net margin of 6.57%. The company had revenue of $103.37 million for the quarter, compared to the consensus estimate of $97.30 million. As a group, equities analysts forecast that Lincoln Educational Services will post 0.48 earnings per share for the current fiscal year.

Insider Activity at Lincoln Educational Services

In other news, major shareholder Juniper Investment Company, Ll sold 25,010 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $11.75, for a total transaction of $293,867.50. Following the transaction, the insider now owns 246,299 shares in the company, valued at $2,894,013.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.80% of the stock is currently owned by insiders.

Institutional Trading of Lincoln Educational Services

Several hedge funds and other institutional investors have recently bought and sold shares of LINC. Gladius Capital Management LP acquired a new stake in shares of Lincoln Educational Services in the 2nd quarter worth $33,000. AJOVista LLC purchased a new stake in Lincoln Educational Services during the 4th quarter worth approximately $67,000. New York State Common Retirement Fund lifted its stake in shares of Lincoln Educational Services by 1,513.5% during the fourth quarter. New York State Common Retirement Fund now owns 8,600 shares of the company’s stock worth $86,000 after buying an additional 8,067 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Lincoln Educational Services by 60.2% during the first quarter. BNP Paribas Financial Markets now owns 11,218 shares of the company’s stock valued at $116,000 after buying an additional 4,217 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Lincoln Educational Services by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 13,410 shares of the company’s stock valued at $135,000 after acquiring an additional 3,182 shares during the period. Institutional investors 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.