Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $25.00

Lincoln Educational Services (NASDAQ:LINC) had its target price hoisted by Rosenblatt Securities from $24.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Northland Capmk raised Lincoln Educational Services to a “strong-buy” rating in a research note on Thursday, April 24th. Barrington Research boosted their target price on Lincoln Educational Services from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday. Northland Securities started coverage on Lincoln Educational Services in a research note on Thursday, April 24th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, B. Riley assumed coverage on Lincoln Educational Services in a research note on Friday, March 28th. They issued a “buy” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lincoln Educational Services presently has a consensus rating of “Buy” and a consensus target price of $24.60.

Lincoln Educational Services Price Performance

LINC opened at $21.21 on Tuesday. The stock has a 50-day moving average price of $16.97 and a 200-day moving average price of $16.38. Lincoln Educational Services has a 12-month low of $10.06 and a 12-month high of $22.67. 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 $670.09 million, a P/E ratio of 66.28, a PEG ratio of 1.70 and a beta of 1.63.

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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. McIlrath & Eck LLC grew its holdings 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 acquiring an additional 1,383 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of Lincoln Educational Services by 39.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,731 shares of the company’s stock worth $43,000 after acquiring an additional 775 shares during the period. Morse Asset Management Inc purchased a new position in shares of Lincoln Educational Services during the 4th quarter worth approximately $101,000. Aquatic Capital Management LLC purchased a new position in shares of Lincoln Educational Services during the 4th quarter worth approximately $135,000. Finally, Parallel Advisors LLC grew its holdings in shares of Lincoln Educational Services by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 8,878 shares of the company’s stock worth $141,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

About Lincoln Educational Services

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.