Lincoln National Rating Reiterated by JPMorgan Chase & Co. (LNC)
Lincoln National (NYSE:LNC)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They currently have a $62.00 price target on the stock, up from their previous price target of $55.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 20.53% from the stock’s previous close.
Lincoln National (NYSE:LNC) traded up 1.96% on Tuesday, hitting $52.45. The stock had a trading volume of 576,230 shares. Lincoln National has a 52 week low of $36.72 and a 52 week high of $53.26. The stock has a 50-day moving average of $50.0 and a 200-day moving average of $49.96. The company has a market cap of $13.833 billion and a price-to-earnings ratio of 10.55.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.34 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Lincoln National will post $5.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Thursday, July 10th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, July 8th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Friday, May 2nd. They now have a $51.00 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Lincoln National in a research note on Thursday, May 1st. They set a “market perform” rating and a $56.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.00.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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