Rosenblatt Securities Issues Positive Forecast for Lincoln Educational Services (NASDAQ:LINC) Stock Price

Lincoln Educational Services (NASDAQ:LINC - Get Free Report) had its target price boosted by equities research analysts at Rosenblatt Securities from $24.00 to $25.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Rosenblatt Securities' price objective would indicate a potential upside of 15.26% from the stock's current price.

LINC has been the topic of several other reports. Northland Capmk raised shares of Lincoln Educational Services to a "strong-buy" rating in a research note on Thursday, April 24th. 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 research note on Monday. Northland Securities initiated coverage on shares of Lincoln Educational Services in a research note on Thursday, April 24th. They set an "outperform" rating and a $24.00 price target on the stock. Finally, B. Riley began coverage on shares of Lincoln Educational Services in a research note on Friday, March 28th. They set a "buy" rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Lincoln Educational Services currently has a consensus rating of "Buy" and an average price target of $24.60.

Lincoln Educational Services Price Performance

Shares of LINC traded up $0.48 during mid-day trading on Tuesday, hitting $21.69. 374,294 shares of the company traded hands, compared to its average volume of 158,953. Lincoln Educational Services has a one year low of $10.06 and a one year 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 business has a 50-day moving average of $17.10 and a 200 day moving average of $16.44. The stock has a market capitalization of $685.25 million, a price-to-earnings ratio of 67.78, a PEG ratio of 1.70 and a beta of 1.63.

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

Insider Buying and Selling at Lincoln Educational Services

In other Lincoln Educational Services news, Director James J. Burke, Jr. sold 5,000 shares of the stock in a transaction on 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 in the company, valued at approximately $1,761,366.60. This trade represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 13.60% of the company's stock.

Institutional Investors Weigh In On Lincoln Educational Services

Hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC raised its holdings in Lincoln Educational Services by 156.4% in the fourth 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 period. Summit Investment Advisors Inc. raised its holdings in Lincoln Educational Services by 39.6% in the fourth 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 period. Morse Asset Management Inc acquired a new stake in Lincoln Educational Services in the fourth quarter worth $101,000. Aquatic Capital Management LLC acquired a new stake in Lincoln Educational Services in the fourth quarter worth $135,000. Finally, Parallel Advisors LLC raised its holdings in Lincoln Educational Services by 20.3% in the first 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 period. 72.23% of the stock is currently owned by institutional investors and hedge funds.

Lincoln Educational Services Company Profile

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.