Lincoln International (NYSE:LCLN) Stock Price Target Cut by Morgan Stanley

Key Points

• Morgan Stanley lowered Lincoln International’s price target to $27 from $28 while maintaining an “equal weight” rating, implying approximately 13.24% upside from the stock’s $23.84 price.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $27.21. Recent targets range from $25 to $30.
• Lincoln International reported quarterly EPS of $0.26, beating the $0.14 consensus estimate, on revenue of $225.69 million; shares fell 0.4% during Thursday trading.

Lincoln International (NYSE:LCLN - Get Free Report) had its target price lowered by Morgan Stanley from $28.00 to $27.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 13.24% from the stock's current price.

Other equities analysts also recently issued research reports about the company. Citizens Jmp assumed coverage on Lincoln International in a report on Monday, June 15th. They set a "market outperform" rating and a $30.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Lincoln International from $24.00 to $25.00 and gave the stock a "market perform" rating in a report on Monday, August 10th. Evercore set a $26.00 target price on shares of Lincoln International in a research note on Wednesday, August 12th. Citigroup assumed coverage on shares of Lincoln International in a report on Monday, June 15th. They issued an "outperform" rating on the stock. Finally, Zacks Research upgraded shares of Lincoln International to a "hold" rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.21.

Lincoln International Trading Down 0.4%

NYSE LCLN traded down $0.11 during trading on Thursday, hitting $23.84. 4,890 shares of the company traded hands, compared to its average volume of 524,319. Lincoln International has a 12 month low of $20.05 and a 12 month high of $27.55. The business's fifty day simple moving average is $24.41. The company has a market cap of $830.96 million and a P/E ratio of 91.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.76.

Lincoln International (NYSE:LCLN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $225.69 million for the quarter. Equities research analysts predict that Lincoln International will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Lincoln International

A number of institutional investors have recently added to or reduced their stakes in LCLN. State Street Corp acquired a new position in Lincoln International in the 2nd quarter valued at approximately $436,000. Squarepoint Ops LLC bought a new stake in shares of Lincoln International during the second quarter valued at approximately $813,000. Citadel Advisors LLC bought a new stake in shares of Lincoln International during the second quarter valued at approximately $22,029,000. Readystate Asset Management LP acquired a new position in shares of Lincoln International in the second quarter valued at $716,000. Finally, Alyeska Investment Group L.P. bought a new position in Lincoln International in the second quarter worth $6,326,000.

About Lincoln International

Lincoln International is a global investment banking and financial advisory firm focused primarily on serving middle-market companies, private equity firms and other institutional clients. The firm provides advice on mergers and acquisitions, divestitures, recapitalizations, restructurings and other strategic transactions.

Its services also include capital advisory, private fund advisory, valuation and fairness opinions. Lincoln works with clients across a range of industries and helps them evaluate strategic alternatives, raise financing and assess the value of businesses, securities and other assets.

Founded in 1996 and headquartered in Chicago, Lincoln International serves clients through operations in North America, Europe and Asia.

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