LinnCo LLC Upgraded to Outperform by Zacks (LNCO)
LinnCo LLC (NASDAQ:LNCO) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, ARN reports. The firm currently has a $36.60 price target on the stock. Zacks‘ target price would suggest a potential upside of 18.68% from the company’s current price.
A number of other analysts have also recently weighed in on LNCO. Analysts at JPMorgan Chase & Co. upgraded shares of LinnCo LLC from a “neutral” rating to an “overweight” rating in a research note to investors on Monday, January 6th. They now have a $36.00 price target on the stock, up previously from $35.00. Separately, analysts at Raymond James upgraded shares of LinnCo LLC from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $37.00 price target on the stock. Finally, analysts at Raymond James cut their price target on shares of LinnCo LLC from $40.00 to $37.00 in a research note to investors on Thursday, November 7th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $35.21.
LinnCo LLC (NASDAQ:LNCO) traded down 2.31% on Monday, hitting $30.84. 1,217,758 shares of the company’s stock traded hands. LinnCo LLC has a 52 week low of $23.03 and a 52 week high of $44.20. The stock has a 50-day moving average of $30.49 and a 200-day moving average of $30.09. The company has a market cap of $1.073 billion and a price-to-earnings ratio of 23.88.
The company also recently declared a monthly dividend, which is scheduled for Friday, January 17th. Investors of record on Monday, January 13th will be given a dividend of 0.2416 per share. This represents a $2.90 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend is Thursday, January 9th.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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