Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $24.00

Lincoln Educational Services (NASDAQ:LINC - Free Report) had its price objective boosted by Rosenblatt Securities from $20.00 to $24.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

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

Lincoln Educational Services Stock Up 2.0 %

LINC traded up $0.36 on Tuesday, hitting $18.35. 480,657 shares of the company were exchanged, compared to its average volume of 169,907. The firm has a 50-day moving average price of $16.30 and a two-hundred day moving average price of $14.51. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. Lincoln Educational Services has a twelve month low of $9.29 and a twelve month high of $19.79. The company has a market cap of $577.64 million, a price-to-earnings ratio of 57.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41.

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Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last announced 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 business had revenue of $119.37 million during the quarter, compared to the consensus estimate of $110.50 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. On average, equities 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 61,289 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $16.19, for a total value of $992,268.91. Following the completion of the sale, the insider now directly owns 425,544 shares of the company's stock, valued at $6,889,557.36. This represents a 12.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.80% of the company's stock.

Institutional Investors Weigh In On Lincoln Educational Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lincoln Educational Services by 10.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,364 shares of the company's stock valued at $1,258,000 after acquiring an additional 10,081 shares during the period. Charles Schwab Investment Management Inc. grew its position in Lincoln Educational Services by 3.5% during 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 during the last quarter. Janus Henderson Group PLC acquired a new position in Lincoln Educational Services in the third quarter valued at $144,000. Needham Investment Management LLC raised its holdings in shares of Lincoln Educational Services by 71.4% in the third quarter. Needham Investment Management LLC now owns 600,000 shares of the company's stock valued at $7,164,000 after buying an additional 250,000 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Lincoln Educational Services by 3.0% during the third quarter. State Street Corp now owns 440,136 shares of the company's stock worth $5,255,000 after buying an additional 12,938 shares during the period. Hedge funds and other institutional investors own 72.23% of the company's stock.

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.