Lincoln National’s “Neutral” Rating Reaffirmed at Zacks (LNC)
Lincoln National (NYSE:LNC)‘s stock had its “neutral” rating reiterated by Zacks in a note issued to investors on Thursday. They currently have a $56.00 target price on the stock. Zacks‘s price objective indicates a potential upside of 6.89% from the stock’s previous close.
A number of other firms have also recently commented on LNC. Analysts at Credit Suisse raised their price target on shares of Lincoln National from $49.00 to $52.00 in a research note on Thursday. They now have an “underperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Lincoln National from $53.00 to $56.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Finally, analysts at Bank of America reiterated a “positive” rating on shares of Lincoln National in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.83.
Shares of Lincoln National (NYSE:LNC) traded down 1.17% on Thursday, hitting $52.39. The stock had a trading volume of 2,031,011 shares. Lincoln National has a 52 week low of $40.84 and a 52 week high of $53.77. The stock has a 50-day moving average of $52.04 and a 200-day moving average of $50.15. The company has a market cap of $13.818 billion and a price-to-earnings ratio of 10.87.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.37 by $0.10. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Lincoln National will post $5.53 earnings per share for the current fiscal year.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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