Analysts at FBR Capital Markets hoisted their target price on shares of Lincoln National Corp. (NYSE:LNC) from $41.00 to $45.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ price target points to a potential upside of 8.51% from the stock’s previous close.
Shares of Lincoln National Corp. (NYSE: LNC) opened at 41.47 on Thursday. Lincoln National Corp. has a one year low of $19.17 and a one year high of $41.52. The stock’s 50-day moving average is currently $36.82. The company has a market cap of $11.133 billion and a P/E ratio of 8.96.
Lincoln National Corp. (NYSE:LNC) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.09 by $0.07. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.00 billion. During the same quarter last year, the company posted $1.00 earnings per share. Lincoln National Corp.’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that Lincoln National Corp. will post $4.52 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Lincoln National Corp. from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a GBX 45 ($0.68) price target on the stock, up previously from GBX 36 ($0.54). They noted that the move was a valuation call. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National Corp. in a research note to investors on Wednesday. They now have a $42.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Lincoln National Corp. from $45.00 to $49.00 in a research note to investors on Monday. They now have a “strong-buy” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $37.59.
Lincoln National Corporation (NYSE: LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.