Lincoln National Corp.’s “Neutral” Rating Reaffirmed at Zacks (LNC)
Lincoln National Corp. (NYSE:LNC)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Tuesday, Analyst Ratings.Net reports. They currently have a $50.00 target price on the stock. Zacks‘s price objective would suggest a potential upside of 3.09% from the stock’s previous close.
Shares of Lincoln National Corp. (NYSE:LNC) traded up 1.32% during mid-day trading on Tuesday, hitting $48.50. 1,408,681 shares of the company’s stock traded hands. Lincoln National Corp. has a 1-year low of $31.01 and a 1-year high of $53.26. The stock’s 50-day moving average is $50.09 and its 200-day moving average is $49.18. The company has a market cap of $12.789 billion and a price-to-earnings ratio of 10.59.
Lincoln National Corp. (NYSE:LNC) last issued its quarterly earnings data 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 previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that Lincoln National Corp. will post $5.40 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LNC. Analysts at Barclays upgraded shares of Lincoln National Corp. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 16th. They now have a $59.00 price target on the stock, up previously from $55.00. They noted that the move was a valuation call. Separately, analysts at Raymond James upgraded shares of Lincoln National Corp. from an “outperform” rating to a “strong-buy” rating in a research note on Monday, April 14th. They now have a $56.00 price target on the stock, up previously from $54.00. Finally, analysts at RBC Capital raised their price target on shares of Lincoln National Corp. from $47.00 to $53.00 in a research note on Friday, February 7th. They now have a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.16.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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