Lincoln National Corp. Stock Rating Reaffirmed by Zacks (LNC)
Lincoln National Corp. (NYSE:LNC)‘s stock had its “neutral” rating restated by Zacks in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. They currently have a $50.00 price objective on the stock. Zacks‘ target price indicates a potential upside of 3.97% from the stock’s previous close.
Shares of Lincoln National Corp. (NYSE:LNC) traded up 2.47% on Friday, hitting $49.28. The stock had a trading volume of 2,836,109 shares. Lincoln National Corp. has a one year low of $27.82 and a one year high of $52.55. The stock’s 50-day moving average is $50.24 and its 200-day moving average is $46.49. The company has a market cap of $12.928 billion and a P/E ratio of 10.97.
Lincoln National Corp. (NYSE:LNC) last announced its earnings results on Tuesday, February 4th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Lincoln National Corp. will post $5.39 earnings per share for the current fiscal year.
LNC has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Lincoln National Corp. from $47.00 to $53.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Separately, 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, January 7th. They now have an “equal weight” rating on the stock. Finally, 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, January 6th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.06.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.