Lincoln Educational Services (NASDAQ:LINC) Coverage Initiated at Northland Securities

Equities researchers at Northland Securities assumed coverage on shares of Lincoln Educational Services (NASDAQ:LINC) in a report issued on Thursday, Marketbeat Ratings reports. The firm set an “outperform” rating and a $24.00 price target on the stock. Northland Securities’ target price points to a potential upside of 38.09% from the company’s current price.

Other analysts have also recently issued research reports about the stock. B. Riley began coverage on shares of Lincoln Educational Services in a research note on Friday, March 28th. They issued a “buy” rating and a $23.00 price target on the stock. Rosenblatt Securities boosted their target price on Lincoln Educational Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Barrington Research reissued an “outperform” rating and set a $22.00 price target on shares of Lincoln Educational Services in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $21.60.

Lincoln Educational Services Stock Performance

NASDAQ:LINC opened at $17.38 on Thursday. The stock has a 50-day moving average price of $16.49 and a 200 day moving average price of $15.75. The stock has a market capitalization of $549.09 million, a P/E ratio of 54.31, a P/E/G ratio of 1.70 and a beta of 1.57. Lincoln Educational Services has a 12-month low of $10.00 and a 12-month high of $19.79. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11. Lincoln Educational Services had a net margin of 2.33% and a return on equity of 10.60%. The business had revenue of $119.37 million during the quarter, compared to analyst estimates of $110.50 million. Equities research analysts forecast that Lincoln Educational Services will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Lincoln Educational Services

Several large investors have recently added to or reduced their stakes in LINC. North Star Investment Management Corp. boosted its holdings in shares of Lincoln Educational Services by 24.0% in the 1st quarter. North Star Investment Management Corp. now owns 106,275 shares of the company’s stock worth $1,687,000 after purchasing an additional 20,575 shares during the period. Pullen Investment Management LLC lifted its position in Lincoln Educational Services by 1.4% in the first quarter. Pullen Investment Management LLC now owns 212,715 shares of the company’s stock worth $3,376,000 after buying an additional 2,960 shares during the last quarter. Parallel Advisors LLC lifted its position 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 buying an additional 1,500 shares during the last quarter. GAMMA Investing LLC boosted its stake in Lincoln Educational Services by 1,952.6% during the first quarter. GAMMA Investing LLC now owns 11,823 shares of the company’s stock worth $188,000 after buying an additional 11,247 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in Lincoln Educational Services during the fourth quarter valued at $452,000. 72.23% of the stock is owned by institutional investors.

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.