Lindblad Expeditions (NASDAQ:LIND) Stock Rating Lowered by Sidoti

Lindblad Expeditions (NASDAQ:LIND) was downgraded by equities researchers at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. They currently have a $19.00 target price on the stock. Sidoti’s target price would suggest a potential upside of 7.47% from the company’s current price.

Several other analysts also recently weighed in on the company. Janney Montgomery Scott initiated coverage on Lindblad Expeditions in a research note on Tuesday, December 17th. They issued a “buy” rating and a $19.00 price target on the stock. Zacks Investment Research raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet lowered Lindblad Expeditions from a “b-” rating to a “c+” rating in a research note on Monday, September 30th. Finally, BidaskClub upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Lindblad Expeditions currently has a consensus rating of “Hold” and a consensus price target of $19.43.

Shares of LIND traded down $0.33 on Tuesday, reaching $17.68. 4,645 shares of the company’s stock traded hands, compared to its average volume of 135,130. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.73. The stock’s 50 day simple moving average is $16.22 and its two-hundred day simple moving average is $17.09. Lindblad Expeditions has a 52-week low of $11.98 and a 52-week high of $19.29. The stock has a market cap of $874.94 million, a PE ratio of 74.90 and a beta of 0.13.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Wednesday, October 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.24). The firm had revenue of $100.98 million during the quarter, compared to analysts’ expectations of $104.55 million. Lindblad Expeditions had a return on equity of 12.77% and a net margin of 3.11%. Analysts forecast that Lindblad Expeditions will post 0.4 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Select Equity Group L.P. increased its stake in Lindblad Expeditions by 892.2% in the 3rd quarter. Select Equity Group L.P. now owns 805,613 shares of the company’s stock worth $13,502,000 after buying an additional 724,418 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Lindblad Expeditions by 47.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,444 shares of the company’s stock worth $108,000 after buying an additional 2,059 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Lindblad Expeditions by 18.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 134,994 shares of the company’s stock worth $2,262,000 after buying an additional 20,757 shares in the last quarter. State Street Corp increased its stake in Lindblad Expeditions by 6.4% in the 3rd quarter. State Street Corp now owns 537,295 shares of the company’s stock worth $9,005,000 after buying an additional 32,333 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Lindblad Expeditions by 9.1% in the 3rd quarter. California Public Employees Retirement System now owns 33,921 shares of the company’s stock worth $569,000 after buying an additional 2,839 shares in the last quarter. Institutional investors and hedge funds own 56.19% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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Analyst Recommendations for Lindblad Expeditions (NASDAQ:LIND)

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