Barrington Research Reiterates Outperform Rating for Lincoln Educational Services (NASDAQ:LINC)

Lincoln Educational Services (NASDAQ:LINC)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They presently have a $22.00 price target on the stock. Barrington Research’s price target indicates a potential upside of 42.53% from the company’s current price.

Separately, Rosenblatt Securities boosted their price objective on shares of Lincoln Educational Services from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lincoln Educational Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

Lincoln Educational Services Price Performance

Shares of NASDAQ:LINC traded down $0.27 during midday trading on Wednesday, hitting $15.44. 33,828 shares of the stock were exchanged, compared to its average volume of 129,272. Lincoln Educational Services has a twelve month low of $9.51 and a twelve 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. The company has a 50 day moving average price of $16.53 and a 200-day moving average price of $15.03. The stock has a market cap of $487.64 million, a P/E ratio of 48.24, a PEG ratio of 1.70 and a beta of 1.61.

Lincoln Educational Services (NASDAQ:LINC) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $119.37 million for the quarter, compared to the consensus estimate of $110.50 million. On average, research analysts forecast that Lincoln Educational Services will post 0.54 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in Lincoln Educational Services in the fourth quarter valued at approximately $452,000. Pullen Investment Management LLC boosted its holdings in shares of Lincoln Educational Services by 45.7% in the 4th quarter. Pullen Investment Management LLC now owns 209,755 shares of the company’s stock valued at $3,318,000 after purchasing an additional 65,805 shares during the last quarter. McIlrath & Eck LLC grew 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 valued at $36,000 after buying an additional 1,383 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in shares of Lincoln Educational Services during the 4th quarter worth $219,000. Finally, Morse Asset Management Inc purchased a new position in shares of Lincoln Educational Services in the 4th quarter worth $101,000. 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.