Lincoln Educational Services (NASDAQ:LINC) Price Target Raised to $26.00

Lincoln Educational Services (NASDAQ:LINC - Free Report) had its price objective upped by Lake Street Capital from $21.00 to $26.00 in a research report sent to investors on Tuesday, MarketBeat reports. Lake Street Capital currently has a buy rating on the stock.

A number of other analysts have also commented on LINC. Rosenblatt Securities lifted their target price on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Northland Securities initiated coverage on shares of Lincoln Educational Services in a report on Thursday, April 24th. They set an "outperform" rating and a $24.00 target price for the company. Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a research report on Thursday, April 24th. B. Riley assumed coverage on shares of Lincoln Educational Services in a research report on Friday, March 28th. They issued a "buy" rating and a $23.00 price objective on the stock. Finally, Barrington Research boosted their price objective on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lincoln Educational Services has a consensus rating of "Buy" and a consensus target price of $24.60.

Lincoln Educational Services Price Performance

LINC traded up $0.48 during midday trading on Tuesday, reaching $21.69. 374,294 shares of the company's stock were exchanged, compared to its average volume of 158,951. The firm has a market capitalization of $685.25 million, a price-to-earnings ratio of 67.78, a price-to-earnings-growth ratio of 1.70 and a beta of 1.63. The company has a quick ratio of 1.53, a current ratio of 1.57 and a debt-to-equity ratio of 0.17. Lincoln Educational Services has a one year low of $10.06 and a one year high of $22.27. The business has a 50-day simple moving average of $17.10 and a two-hundred day simple moving average of $16.46.

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The business had revenue of $117.51 million during the quarter, compared to analyst estimates of $114.55 million. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. As a group, research analysts predict that Lincoln Educational Services will post 0.54 EPS for the current year.

Insider Transactions at Lincoln Educational Services

In related news, Director James J. Burke, Jr. sold 5,000 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $21.42, for a total value of $107,100.00. Following the transaction, the director now owns 82,230 shares in the company, valued at approximately $1,761,366.60. This represents a 5.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Lincoln Educational Services by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,976 shares of the company's stock worth $237,000 after purchasing an additional 643 shares in the last quarter. Summit Investment Advisors Inc. lifted 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. Empowered Funds LLC lifted its holdings in shares of Lincoln Educational Services by 1.9% during the 1st quarter. Empowered Funds LLC now owns 47,648 shares of the company's stock worth $756,000 after acquiring an additional 879 shares during the period. Informed Momentum Co LLC lifted its holdings in shares of Lincoln Educational Services by 1.9% during the 1st quarter. Informed Momentum Co LLC now owns 48,920 shares of the company's stock worth $776,000 after acquiring an additional 915 shares during the period. Finally, McIlrath & Eck LLC lifted 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. Institutional investors and hedge funds 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.