LinnCo LLC Rating Increased to Outperform at Zacks (LNCO)
LinnCo LLC (NASDAQ:LNCO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a $33.30 target price on the stock. Zacks‘ price target would suggest a potential upside of 11.78% from the company’s current price.
A number of other firms have also recently commented on LNCO. Analysts at Raymond James cut their price target on shares of LinnCo LLC from $43.00 to $40.00 in a research note to investors on Friday, August 16th. They now have an “outperform” rating on the stock. Separately, analysts at Thomson Reuters/Verus initiated coverage on shares of LinnCo LLC in a research note to investors on Monday, August 12th. They set a “sell” rating on the stock. Finally, analysts at Robert W. Baird downgraded shares of LinnCo LLC from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $37.14.
Shares of LinnCo LLC (NASDAQ:LNCO) traded down 1.78% on Wednesday, hitting $29.2601. The stock had a trading volume of 129,931 shares. LinnCo LLC has a 1-year low of $23.03 and a 1-year high of $44.20. The stock has a 50-day moving average of $28.85 and a 200-day moving average of $33.93. The company has a market cap of $1.018 billion and a P/E ratio of 10.34.
LinnCo LLC (NASDAQ:LNCO) last announced its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.03. Analysts expect that LinnCo LLC will post $1.35 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, October 18th. Investors of record on Friday, October 11th will be given a dividend of $0.24 per share. This represents a $2.90 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date of this dividend is Wednesday, October 9th.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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