Lincoln National Corp. Reaches New 12-Month High at $52.37 (LNC)
Lincoln National Corp. (NYSE:LNC)’s share price reached a new 52-week high during trading on Thursday, Stock Ratings Network reports. The stock traded as high as $52.37 and last traded at $52.22, with a volume of 1,006,222 shares traded. The stock had previously closed at $51.96.
A number of analysts have recently weighed in on LNC shares. Analysts at Barclays raised their price target on shares of Lincoln National Corp. from $48.00 to $55.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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. Two investment 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. Lincoln National Corp. has a consensus rating of “Hold” and a consensus target price of $44.94.
Lincoln National Corp. has a one year low of $27.08 and a one year high of $52.27. The stock’s 50-day moving average is $51.09 and its 200-day moving average is $44.94. The company has a market cap of $13.736 billion and a price-to-earnings ratio of 11.86.
Lincoln National Corp. (NYSE:LNC) last announced its earnings results on Wednesday, October 30th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $1.41 earnings per share. Lincoln National Corp.’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Lincoln National Corp. will post $4.90 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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