Lincoln Educational Services Corporation (NASDAQ:LINC) Receives $26.20 Average Price Target from Brokerages

Shares of Lincoln Educational Services Corporation (NASDAQ:LINC) have received an average rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $29.00.

LINC has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lincoln Educational Services in a research report on Thursday, January 22nd. Zacks Research upgraded Lincoln Educational Services from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wall Street Zen raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Lincoln Educational Services in a research note on Monday, December 1st. Finally, B. Riley upped their target price on shares of Lincoln Educational Services from $27.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday.

Insider Buying and Selling at Lincoln Educational Services

In related news, Director Kevin M. Carney sold 13,866 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $22.18, for a total value of $307,547.88. Following the sale, the director owned 24,823 shares in the company, valued at approximately $550,574.14. This trade represents a 35.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Lincoln Educational Services

A number of institutional investors have recently added to or reduced their stakes in LINC. State of Alaska Department of Revenue boosted its position in shares of Lincoln Educational Services by 281.1% during the 4th quarter. State of Alaska Department of Revenue now owns 5,835 shares of the company’s stock valued at $139,000 after acquiring an additional 4,304 shares during the last quarter. Steadtrust LLC raised its stake in Lincoln Educational Services by 3.4% in the fourth quarter. Steadtrust LLC now owns 30,340 shares of the company’s stock valued at $733,000 after purchasing an additional 1,000 shares in the last quarter. Secure Asset Management LLC lifted its position in Lincoln Educational Services by 11.6% during the fourth quarter. Secure Asset Management LLC now owns 62,654 shares of the company’s stock valued at $1,513,000 after purchasing an additional 6,529 shares during the last quarter. Pullen Investment Management LLC grew its stake in Lincoln Educational Services by 1.0% in the 4th quarter. Pullen Investment Management LLC now owns 185,962 shares of the company’s stock worth $4,491,000 after buying an additional 1,814 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Lincoln Educational Services by 29.3% in the 4th quarter. SG Americas Securities LLC now owns 14,184 shares of the company’s stock worth $343,000 after buying an additional 3,217 shares during the last quarter. 72.23% of the stock is currently owned by institutional investors.

Lincoln Educational Services Trading Up 0.2%

Shares of Lincoln Educational Services stock opened at $26.66 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 0.81. The stock has a market capitalization of $842.99 million, a P/E ratio of 59.25, a P/E/G ratio of 2.11 and a beta of 0.99. Lincoln Educational Services has a 52-week low of $14.10 and a 52-week high of $28.22. The stock’s 50-day simple moving average is $24.01 and its 200 day simple moving average is $22.15.

Lincoln Educational Services (NASDAQ:LINC) last posted its earnings results on Monday, November 10th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.08. The firm had revenue of $141.39 million during the quarter, compared to the consensus estimate of $129.85 million. Lincoln Educational Services had a net margin of 2.86% and a return on equity of 12.20%. As a group, research analysts anticipate that Lincoln Educational Services will post 0.54 EPS for the current year.

Lincoln Educational Services Company Profile

Lincoln Educational Services Corporation is a publicly traded provider of career-focused post-secondary vocational education in the United States. Operating under the Lincoln Tech and Lincoln Culinary Institute brands, the company delivers hands-on technical instruction across high-growth industries. Its mission centers on equipping students with practical skills and industry credentials designed to meet employer needs.

The company’s program offerings span automotive technology, skilled trades, health sciences, information technology, culinary arts and public safety.