Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $26.00

Lincoln Educational Services (NASDAQ:LINC) had its price objective lifted by Lake Street Capital from $21.00 to $26.00 in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

LINC has been the subject of several other research reports. Northland Capmk raised shares of Lincoln Educational Services to a “strong-buy” rating in a research note on Thursday, April 24th. Northland Securities initiated coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They set an “outperform” rating and a $24.00 price target for the company. Rosenblatt Securities lifted their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley began coverage on shares of Lincoln Educational Services in a research note on Friday, March 28th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, Barrington Research boosted their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $24.60.

Lincoln Educational Services Stock Up 2.0%

Shares of NASDAQ:LINC opened at $21.21 on Tuesday. Lincoln Educational Services has a 1 year low of $10.06 and a 1 year high of $22.67. The business has a 50 day simple moving average of $16.97 and a two-hundred day simple moving average of $16.38. The firm has a market capitalization of $670.09 million, a PE ratio of 66.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.53.

Lincoln Educational Services (NASDAQ:LINC) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The firm had revenue of $117.51 million during the quarter, compared to the consensus estimate of $114.55 million. On average, equities analysts predict that Lincoln Educational Services will post 0.54 EPS for the current year.

Hedge Funds Weigh In On Lincoln Educational Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in Lincoln Educational Services in the fourth quarter worth $288,000. Barclays PLC grew its holdings in Lincoln Educational Services by 259.0% in the third quarter. Barclays PLC now owns 34,220 shares of the company’s stock worth $408,000 after purchasing an additional 24,688 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Lincoln Educational Services by 248.7% in the third quarter. JPMorgan Chase & Co. now owns 39,646 shares of the company’s stock worth $473,000 after purchasing an additional 28,275 shares during the last quarter. Bailard Inc. grew its holdings in Lincoln Educational Services by 24.5% in the fourth quarter. Bailard Inc. now owns 84,900 shares of the company’s stock worth $1,343,000 after purchasing an additional 16,693 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Lincoln Educational Services by 13.7% in the fourth quarter. MetLife Investment Management LLC now owns 15,456 shares of the company’s stock worth $245,000 after purchasing an additional 1,859 shares during the last quarter. 72.23% of the stock is owned by hedge funds and other 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.