Keefe, Bruyette & Woods Initiates Coverage on Lincoln National (LNC)
Investment analysts at Keefe, Bruyette & Woods started coverage on shares of Lincoln National (NYSE:LNC) in a note issued to investors on Thursday, Analyst Ratings Network reports. The firm set a “market perform” rating and a $56.00 price target on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 15.46% from the company’s current price.
Shares of Lincoln National (NYSE:LNC) traded down 0.02% during mid-day trading on Thursday, hitting $48.50. The stock had a trading volume of 2,116,412 shares. Lincoln National has a 1-year low of $32.44 and a 1-year high of $53.26. The stock’s 50-day moving average is $49.34 and its 200-day moving average is $49.37. The company has a market cap of $12.789 billion and a P/E ratio of 10.73.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.04. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion. Analysts expect that Lincoln National will post $5.40 EPS for the current fiscal year.
LNC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Tuesday, April 22nd. They now have a $50.00 price target on the stock. Separately, analysts at Barclays upgraded shares of Lincoln National 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. Finally, analysts at Raymond James upgraded shares of Lincoln National 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Lincoln National currently has an average rating of “Hold” and a consensus target price of $47.03.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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