Lincoln National Corp. PT Raised to $56.00 at UBS AG (LNC)
Investment analysts at UBS AG boosted their price objective on shares of Lincoln National Corp. (NYSE:LNC) from $51.00 to $56.00 in a note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective points to a potential upside of 10.24% from the stock’s previous close.
A number of other analysts have also recently weighed in on LNC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Lincoln National Corp. from $50.00 to $58.00 in a research note to investors on Monday, December 16th. They now have a “market perform” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Lincoln National Corp. from $50.00 to $62.00 in a research note to investors on Monday, November 25th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks downgraded shares of Lincoln National Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, November 22nd. They now have a $53.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.56.
Lincoln National Corp. (NYSE:LNC) traded up 0.53% during mid-day trading on Monday, hitting $51.07. The stock had a trading volume of 624,968 shares. Lincoln National Corp. has a 52-week low of $27.08 and a 52-week high of $52.27. The stock’s 50-day moving average is $50.95 and its 200-day moving average is $44.53. The company has a market cap of $13.398 billion and a price-to-earnings ratio of 11.59.
Lincoln National Corp. (NYSE:LNC) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.14. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that Lincoln National Corp. will post $4.89 EPS for the current fiscal year.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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