Lincoln Educational Services Co. (NASDAQ:LINC) Receives $24.60 Average Price Target from Brokerages

Shares of Lincoln Educational Services Co. (NASDAQ:LINC - Get Free Report) have been given an average recommendation of "Buy" by the six research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $24.60.

A number of equities analysts have recently issued reports on the stock. Rosenblatt Securities increased their price target on shares of Lincoln Educational Services from $24.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Barrington Research increased their price target on shares of Lincoln Educational Services from $22.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Northland Capmk upgraded shares of Lincoln Educational Services to a "strong-buy" rating in a report on Thursday, April 24th. Lake Street Capital increased their price target on shares of Lincoln Educational Services from $21.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, B. Riley reiterated a "buy" rating on shares of Lincoln Educational Services in a report on Tuesday, May 13th.

Insider Activity at Lincoln Educational Services

In related news, Director James J. Burke, Jr. sold 5,000 shares of the 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 sale, the director now directly owns 82,230 shares of the company's stock, valued at approximately $1,761,366.60. This represents a 5.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lincoln Educational Services

A number of large investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its stake 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 purchasing an additional 1,383 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake 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 purchasing an additional 775 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Lincoln Educational Services during the 4th quarter worth about $101,000. Aquatic Capital Management LLC acquired a new stake in shares of Lincoln Educational Services during the 4th quarter worth about $135,000. Finally, Parallel Advisors LLC boosted its stake 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 purchasing an additional 1,500 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

Lincoln Educational Services Stock Performance

LINC traded up $0.60 during trading on Monday, hitting $22.02. The stock had a trading volume of 254,185 shares, compared to its average volume of 161,506. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.57. The firm has a market capitalization of $695.68 million, a P/E ratio of 68.81, a PEG ratio of 1.70 and a beta of 1.63. The company's 50-day moving average price is $17.75 and its 200 day moving average price is $16.73. Lincoln Educational Services has a twelve month low of $10.06 and a twelve month high of $22.27.

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

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.