Lincoln Educational Services LINC Stock Downgraded by StockNews.com

Lincoln Educational Services Corporation LINC, a provider of career-oriented postsecondary education services in the United States, recently saw a change in its stock rating provided by analysts at StockNews.com. The firm's rating was downgraded from a 'strong-buy' to a 'buy,' according to an announcement made on November 12th, 2023. With a focus on high school graduates and working adults, Lincoln Educational Services' offerings are positioned to cater to the increasing demand for skilled professionals.

Analyst Ratings and Price Targets

Moving on to cover other assessments by market analysts, Lake Street Capital increased its target price on LINC from $7.00 to $9.00. Not far behind, B. Riley raised their target from $9.00 to $11.00. Other positive outlooks came from Barrington Research which upped their target price from $8.50 to $10.50 and assigned an 'outperform' rating, and Rosenblatt Securities escalated their objective from $11.00 to $12.00, maintaining a 'buy' status for the stock. These evaluations by research firms convey a general consensus of optimistic future prospects for LINC.

Stock Performance Insights

The performance of LINC was put under the microscope, showing the stock's opening price at $9.73 on the announcement day. The corporation holds a 50-day moving average of $8.63 and a 200-day moving average of $7.55, underscoring a positive trend in the stock’s movement. Furthermore, with a market capitalization of $305.13 million, a price-to-earnings ratio of 10.69, a PEG ratio of 1.40, and a beta of 1.01, LINC has shown steady growth and volatility characteristics. The 52-week statistics indicate a low of $5.05 and a peak of $9.99, framing the yearly spectrum of its share price trajectory.

Insider and Institutional Ownership

A glance at insider transactions reveals that Director J Barry Morrow sold 12,000 shares at an average price of $8.69, totaling $104,280. After this transaction, the director held 138,210 shares, valued at approximately $1,201,044.90. Disclosures note that insiders boast ownership of 29.30% of the company's stock. Further, institutional investors hold a significant 72.65% ownership, with several funds engaging in the buying and selling of shares. Barclays PLC, Allspring Global Investments Holdings LLC, California State Teachers Retirement System, BNP Paribas Arbitrage SNC, and Deutsche Bank AG were among those making notable investments in LINC.

Company Profile

Based in West Orange, New Jersey, Lincoln Educational Services Corporation offers its career-oriented education in two major segments: Transportation and Skilled Trades, and Healthcare and Other Professions. Its specialized approach to education helps meet the workforce demands for skilled labor, making it a potentially attractive investment for those interested in the education sector. The downgrade in its stock rating by StockNews.com may reflect a myriad of factors and should be considered in the broader context of the company’s performance and market trends.

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