Lincoln Edu (LINC) Gets a Buy Rating from B.Riley FBR


B.Riley FBR analyst Rajiv Sharma reiterated a Buy rating on Lincoln Edu (LINC) today and set a price target of $6.25. The company’s shares closed last Tuesday at $5.42.

Sharma has an average return of 30.6% when recommending Lincoln Edu.

According to TipRanks.com, Sharma is ranked #1337 out of 6877 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lincoln Edu with a $6.42 average price target, which is a 18.5% upside from current levels. In a report released yesterday, Barrington also reiterated a Buy rating on the stock with a $7.00 price target.

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Based on Lincoln Edu’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $70.04 million and GAAP net loss of $1.75 million. In comparison, last year the company earned revenue of $63.26 million and had a GAAP net loss of $5.47 million.

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Lincoln Educational Services Corp. engages in the provision of post-secondary education to high school graduates and working adults. It operates through the following segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional. The Transportation and Skilled Trades segment offers academic programs mainly in the disciplines of transportation and skilled trades such as automotive; diesel; heating, ventilation, and air conditioning; welding; and manufacturing. The Healthcare and Other Professions segment provides academic programs in the disciplines of health sciences, hospitality and business, and information technology. The Transitional segment refers to campuses that are being taught-out and closed, and operations that are being phased out. The company was founded in 1946 and is headquartered in West Orange, NJ.

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