Zacks Reiterates Neutral on Lincoln National (LNC)

By admin | 6 years ago

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 $26.00 target price on the stock.

Shares of Lincoln National opened at 23.74 on Thursday. Lincoln National has a one year low of $13.75 and a one year high of $30.55. The company has a market cap of $6.916 billion and a P/E ratio of 25.66.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.00 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.97 EPS by $0.03. The company’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that Lincoln National will post $1.03 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Lincoln National from $22.00 to $30.00 in a research note to investors on Monday, April 2nd. They now have an “equal weight” rating on the stock. Separately, analysts at Macquarie initiated coverage on shares of Lincoln National in a research note to investors on Wednesday, February 22nd. They set a “neutral” rating on the stock. Finally, analysts at RBC Capital (NYSE: RY) raised their price target on shares of Lincoln National from $24.00 to $28.00 in a research note to investors on Thursday, February 9th. They now have a “sector perform” rating on the stock.

Lincoln National Corporation (LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.

About the author