JPMorgan Chase & Co. Reiterates “Neutral” Rating for LinnCo (LNCO)
LinnCo (NASDAQ:LNCO)‘s stock had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. They currently have a $31.00 price target on the stock, up from their previous price target of $30.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 13.97% from the company’s current price.
Shares of LinnCo (NASDAQ:LNCO) traded down 0.15% on Tuesday, hitting $27.16. The stock had a trading volume of 952,712 shares. LinnCo has a 1-year low of $23.03 and a 1-year high of $39.14. The stock’s 50-day moving average is $27.59 and its 200-day moving average is $29.71. The company’s market cap is $3.490 billion.
LinnCo (NASDAQ:LNCO) last released its earnings data on Monday, March 3rd. The company reported ($5.37) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $5.84. Analysts expect that LinnCo will post $2.50 EPS for the current fiscal year.
A number of other firms have also recently commented on LNCO. Analysts at Zacks downgraded shares of LinnCo from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 6th. They now have a $26.30 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of LinnCo from a “buy” rating to a “neutral” rating in a research note on Friday, April 4th. They now have a $31.50 price target on the stock, down previously from $41.00. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $33.81.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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.