Lincoln Educational Services Corp. Upgraded to “Neutral” at Zacks (LINC)
Lincoln Educational Services Corp. (NASDAQ:LINC) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, Stock Ratings News reports. The firm currently has a $4.80 price target on the stock. Zacks‘ price target points to a potential upside of 3.23% from the stock’s previous close.
Shares of Lincoln Educational Services Corp. (NASDAQ:LINC) traded down 1.94% during mid-day trading on Wednesday, hitting $4.56. 43,218 shares of the company’s stock traded hands. Lincoln Educational Services Corp. has a 52-week low of $3.60 and a 52-week high of $7.28. The stock has a 50-day moving average of $4.88 and a 200-day moving average of $5.81. The company’s market cap is $108.3 million.
Lincoln Educational Services Corp. (NASDAQ:LINC) last released its earnings data on Wednesday, August 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.11. The company had revenue of $85.20 million for the quarter, compared to the consensus estimate of $88.69 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts expect that Lincoln Educational Services Corp. will post $-0.40 EPS for the current fiscal year.
Separately, analysts at TheStreet downgraded shares of Lincoln Educational Services Corp. from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 21st. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.43.
Lincoln Educational Services Corporation is a provider of career-oriented post-secondary education. As of December 31, 2011, it operated 46 campuses in 17 states.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.