Lincoln Educational Services (NASDAQ:LINC) Stock Price Expected to Rise, Barrington Research Analyst Says

Lincoln Educational Services (NASDAQ:LINC) had its price target increased by equities researchers at Barrington Research from $27.00 to $33.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Barrington Research’s price target points to a potential upside of 10.04% from the stock’s current price.

Several other research firms have also recently issued reports on LINC. Griffin Securities set a $33.00 target price on shares of Lincoln Educational Services in a research report on Tuesday, January 27th. Northland Securities set a $28.00 price target on shares of Lincoln Educational Services in a research note on Wednesday, January 7th. Zacks Research lowered shares of Lincoln Educational Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings upgraded Lincoln Educational Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, B. Riley Financial lifted their target price on Lincoln Educational Services from $27.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $30.00.

Lincoln Educational Services Stock Performance

NASDAQ LINC opened at $29.99 on Thursday. The business’s 50-day moving average price is $25.94 and its 200 day moving average price is $22.69. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. Lincoln Educational Services has a twelve month low of $14.10 and a twelve month high of $31.49. The company has a market capitalization of $948.28 million, a PE ratio of 66.65, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97.

Insider Transactions 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 completion of the sale, the director directly owned 24,823 shares in the company, valued at approximately $550,574.14. This represents a 35.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.60% of the company’s stock.

Institutional Investors Weigh In On Lincoln Educational Services

Several institutional investors and hedge funds have recently modified their holdings of LINC. State of Alaska Department of Revenue acquired a new stake in shares of Lincoln Educational Services in the third quarter valued at about $35,000. Royal Bank of Canada grew its position in Lincoln Educational Services by 246.7% in the fourth quarter. Royal Bank of Canada now owns 1,536 shares of the company’s stock valued at $38,000 after acquiring an additional 1,093 shares in the last quarter. Strs Ohio purchased a new stake in shares of Lincoln Educational Services during the first quarter valued at approximately $48,000. Stanley Laman Group Ltd. acquired a new position in shares of Lincoln Educational Services during the third quarter worth $49,000. Finally, State of Wyoming acquired a new position in shares of Lincoln Educational Services during the third quarter worth $54,000. Hedge funds and other institutional investors own 72.23% of the company’s stock.

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.