Zacks Investment Research Upgrades Lincoln Educational Services (LINC) to “Buy”

Lincoln Educational Services (NASDAQ:LINC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage currently has a $3.25 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.92% from the company’s previous close.

According to Zacks, “Lincoln Educational is a leading and diversified for-profit provider of a career-oriented post-secondary education headquartered in West Orange, New Jersey. It offers recent high school graduates and working adults degree and diploma programs in four principal areas of study: automotive technology, allied health (which includes programs for medical administrative assistants, medical assistants, pharmacy technicians and massage therapists), skilled trades and business and information technology. “

Several other equities analysts have also issued reports on the company. ValuEngine upgraded Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. TheStreet upgraded Lincoln Educational Services from a “d+” rating to a “c” rating in a research report on Friday, March 8th.

Shares of LINC stock opened at $2.93 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market capitalization of $71.26 million, a PE ratio of -10.85, a P/E/G ratio of 1.44 and a beta of 0.90. Lincoln Educational Services has a one year low of $1.55 and a one year high of $3.34.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.22). Lincoln Educational Services had a negative return on equity of 14.02% and a negative net margin of 1.94%. The business had revenue of $63.26 million during the quarter, compared to analyst estimates of $61.19 million. As a group, sell-side analysts expect that Lincoln Educational Services will post 0.13 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of LINC. 22NW LP grew its position in shares of Lincoln Educational Services by 23.3% in the 4th quarter. 22NW LP now owns 1,453,783 shares of the company’s stock valued at $4,652,000 after purchasing an additional 274,314 shares during the period. Nantahala Capital Management LLC grew its position in shares of Lincoln Educational Services by 0.8% in the 4th quarter. Nantahala Capital Management LLC now owns 2,436,805 shares of the company’s stock valued at $7,798,000 after purchasing an additional 20,000 shares during the period. Renaissance Technologies LLC grew its position in shares of Lincoln Educational Services by 1.4% in the 1st quarter. Renaissance Technologies LLC now owns 678,546 shares of the company’s stock valued at $2,103,000 after purchasing an additional 9,171 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in shares of Lincoln Educational Services in the 1st quarter valued at approximately $45,000. Finally, Essex Investment Management Co. LLC grew its position in shares of Lincoln Educational Services by 5.1% in the 1st quarter. Essex Investment Management Co. LLC now owns 162,122 shares of the company’s stock valued at $503,000 after purchasing an additional 7,875 shares during the period. Institutional investors and hedge funds own 63.62% of the company’s stock.

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 three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.

Further Reading: Gross Domestic Product (GDP)

Get a free copy of the Zacks research report on Lincoln Educational Services (LINC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lincoln Educational Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln Educational Services and related companies with MarketBeat.com's FREE daily email newsletter.