Analysts Set Lincoln Educational Services Co. (NASDAQ:LINC) Price Target at $24.60

Lincoln Educational Services Co. (NASDAQ:LINC) has been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.60.

LINC has been the subject of several analyst reports. Lake Street Capital increased their target price on Lincoln Educational Services from $21.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Northland Capmk upgraded Lincoln Educational Services to a “strong-buy” rating in a report on Thursday, April 24th. Rosenblatt Securities increased their target price on Lincoln Educational Services from $24.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Northland Securities initiated coverage on Lincoln Educational Services in a report on Thursday, April 24th. They set an “outperform” rating and a $24.00 target price for the company. Finally, Barrington Research increased their target price on Lincoln Educational Services from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, May 12th.

Insider Buying and Selling at Lincoln Educational Services

In other news, Director Carlton Rose sold 30,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $23.63, for a total value of $708,900.00. Following the completion of the transaction, the director now owns 15,295 shares of the company’s stock, valued at approximately $361,420.85. This represents a 66.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Chad D. Nyce sold 6,200 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $22.93, for a total value of $142,166.00. Following the completion of the transaction, the chief operating officer now directly owns 170,209 shares of the company’s stock, valued at $3,902,892.37. This represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,200 shares of company stock valued at $1,172,166 in the last 90 days. Insiders own 13.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LINC. Wellington Management Group LLP bought a new position in shares of Lincoln Educational Services in the 1st quarter worth approximately $8,344,000. Alyeska Investment Group L.P. raised its position in shares of Lincoln Educational Services by 43.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,123,143 shares of the company’s stock worth $17,768,000 after acquiring an additional 338,495 shares in the last quarter. Invesco Ltd. raised its position in shares of Lincoln Educational Services by 485.7% in the 4th quarter. Invesco Ltd. now owns 295,032 shares of the company’s stock worth $4,667,000 after acquiring an additional 244,657 shares in the last quarter. Next Century Growth Investors LLC raised its position in shares of Lincoln Educational Services by 17.9% in the 4th quarter. Next Century Growth Investors LLC now owns 664,148 shares of the company’s stock worth $10,507,000 after acquiring an additional 100,963 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Lincoln Educational Services in the 1st quarter worth approximately $1,421,000. Institutional investors own 72.23% of the company’s stock.

Lincoln Educational Services Price Performance

LINC opened at $22.46 on Friday. The stock has a 50-day moving average price of $19.81 and a 200-day moving average price of $17.44. Lincoln Educational Services has a 12-month low of $10.31 and a 12-month high of $24.20. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $709.58 million, a P/E ratio of 70.19, a PEG ratio of 1.70 and a beta of 1.62.

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

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.