LinnCo Stock Rating Upgraded by Zacks (LNCO)
LinnCo (NASDAQ:LNCO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Friday. The firm currently has a $31.20 price target on the stock. Zacks‘s price target points to a potential upside of 2.46% from the stock’s previous close.
Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of LinnCo in a research note on Tuesday, May 27th. They now have a $31.00 price target on the stock, up previously from $30.00. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.10.
Shares of LinnCo (NASDAQ:LNCO) traded up 0.46% during mid-day trading on Friday, hitting $30.59. The stock had a trading volume of 802,890 shares. LinnCo has a 52 week low of $25.79 and a 52 week high of $34.94. The stock’s 50-day moving average is $30.13 and its 200-day moving average is $29.26. The company’s market cap is $3.932 billion.
The company also recently announced a monthly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.2416 per share. This represents a $2.90 annualized dividend and a dividend yield of 9.52%. The ex-dividend date is Thursday, August 7th.
Linn Co, LLC (NASDAQ:LNCO) sole purpose is to own LINN Energy, LLC (LINN) units.
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