Barclays Increases Lincoln National Corp. Price Target to $55.00 (LNC)
Equities researchers at Barclays upped their target price on shares of Lincoln National Corp. (NYSE:LNC) from $48.00 to $55.00 in a research report issued on Tuesday, Analyst RN reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective indicates a potential upside of 7.48% from the stock’s previous close.
Shares of Lincoln National Corp. (NYSE:LNC) traded up 0.61% on Tuesday, hitting $51.48. 937,904 shares of the company’s stock traded hands. Lincoln National Corp. has a 1-year low of $27.08 and a 1-year high of $52.27. The stock has a 50-day moving average of $50.98 and a 200-day moving average of $44.77. The company has a market cap of $13.506 billion and a P/E ratio of 11.68.
Lincoln National Corp. (NYSE:LNC) last posted its quarterly earnings results 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 $4.90 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LNC. Analysts at UBS AG raised their price target on shares of Lincoln National Corp. from $51.00 to $56.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $44.94.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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