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

Lincoln Educational Services (NASDAQ:LINC) had its price objective lifted by equities researchers at Rosenblatt Securities from $20.00 to $24.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 31.22% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $20.00 target price on shares of Lincoln Educational Services in a research report on Wednesday, February 19th. B. Riley upped their target price on Lincoln Educational Services from $15.00 to $20.00 and gave the company 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’s stock. Based on data from MarketBeat, Lincoln Educational Services has an average rating of “Moderate Buy” and a consensus target price of $19.75.

Lincoln Educational Services Trading Up 3.6 %

NASDAQ:LINC opened at $18.29 on Tuesday. The stock has a 50-day simple moving average of $16.25 and a 200-day simple moving average of $14.48. The stock has a market cap of $575.75 million, a P/E ratio of 57.16, a P/E/G ratio of 1.70 and a beta of 1.41. Lincoln Educational Services has a 1 year low of $9.29 and a 1 year high of $19.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57.

Lincoln Educational Services (NASDAQ:LINC) last released its quarterly earnings data on Monday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.11. The business had revenue of $119.37 million during the quarter, compared to analysts’ expectations of $110.50 million. Lincoln Educational Services had a return on equity of 10.60% and a net margin of 2.33%. As a group, analysts anticipate that Lincoln Educational Services will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Juniper Investment Company, Ll sold 61,289 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $16.19, for a total transaction of $992,268.91. Following the completion of the transaction, the insider now directly owns 425,544 shares of the company’s stock, valued at approximately $6,889,557.36. This represents a 12.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 16.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Lincoln Educational Services

Large investors have recently modified their holdings of the business. McIlrath & Eck LLC raised its stake in shares of Lincoln Educational Services by 156.4% during the 4th quarter. McIlrath & Eck LLC now owns 2,267 shares of the company’s stock worth $36,000 after buying an additional 1,383 shares in the last quarter. Summit Investment Advisors Inc. increased 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 purchasing an additional 775 shares in the last quarter. Morse Asset Management Inc purchased a new position in Lincoln Educational Services in the 4th quarter valued at approximately $101,000. Aquatic Capital Management LLC purchased a new position in Lincoln Educational Services in the 4th quarter valued at approximately $135,000. Finally, Janus Henderson Group PLC purchased a new position in Lincoln Educational Services in the 3rd quarter valued at approximately $144,000. 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.