On February 12, 2024, Jefferies analyst Suneet Kamath made a significant upgrade to Lincoln National (NYSE:LNC). Previously rated as Underperform, the stock has now been upgraded to Hold, indicating a more favorable outlook. Along with this upgrade, the price target for the stock has been raised from $22 to $26, reflecting an increased estimated value.
The consensus rating for Lincoln National, based on the opinions of 12 Wall Street analysts, is Hold. This suggests a general sentiment of caution and a balanced perspective on the stock. The average price target stands at $25.64, with a high forecast of $30.00 and a low forecast of $17.00.
This recent development by Jefferies highlights a shift in perception towards Lincoln National, indicating a more neutral stance and a potentially brighter future for the company.
Lincoln National Corporation
Updated on: 04/03/2024
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Sell
ROE: Strong Sell
We did not find social sentiment data for this stock
|Analyst / firm
Analyzing the Stock Performance of Lincoln National Corporation (LNC) on February 12, 2024
On February 12, 2024, Lincoln National Corporation (LNC) experienced a decline in its stock performance. The stock closed at $25.64, marking a decrease of $0.77 or 2.92% from the previous market close.
Analyzing LNC’s price momentum, the stock is currently trading in the middle of its 52-week range. This indicates that LNC’s stock price is neither at its highest nor at its lowest point over the past year. Investors may want to closely monitor any significant changes in the coming days.
Moreover, LNC’s stock price is currently trading above its 200-day simple moving average. The 200-day moving average is a commonly used indicator that helps investors assess the overall trend of a stock’s price over a longer period. LNC’s stock is above its 200-day moving average, which could indicate a positive trend in the stock’s performance.
However, the recent drop of $0.77 or 2.92% in LNC’s stock price may raise concerns for investors. This decline could be attributed to various factors, such as market conditions, company-specific news, or changes in investor sentiment. Investors should delve deeper into the reasons behind this drop and assess whether it is a short-term fluctuation or a more significant trend.
Investors should also consider other factors, such as the company’s financial performance, industry trends, and overall market conditions, to gain a comprehensive understanding of LNC’s stock performance. It is advisable to consult with financial advisors or conduct thorough research before making any investment decisions.
In conclusion, on February 12, 2024, LNC’s stock experienced a decline of $0.77 or 2.92% from the previous market close. The stock is trading in the middle of its 52-week range, indicating relative stability. LNC’s stock price is above its 200-day simple moving average. Investors should closely monitor the stock’s performance, consider additional factors, and seek professional advice before making any investment decisions.
Linc Energys Financial Performance: Decreased Revenue, Increased Net Income, and Encouraging EPS Growth
On February 12, 2024, the stock performance of LNC (Linc Energy) was closely monitored. The data provided by CNN Money shed light on the company’s financial performance.
Linc Energy reported a total revenue of $11.64 billion over the past year, a decrease of 37.76% compared to the previous year. The total revenue remained flat at $700.00 million on a quarterly basis.
The net income of Linc Energy stood at -$752.00 million over the past year, a substantial loss. However, the net income increased by 66.23% compared to the previous year. In the fourth quarter, the net income remained negative at -$1.24 billion, showing no change from the previous quarter.
Linc Energy reported an EPS of -$4.92 over the past year, indicating a loss per share. However, the EPS increased by 62.18% compared to the previous year. In the fourth quarter, the EPS remained negative at -$7.34, showing no change from the previous quarter.
The significant decrease in total revenue over the past year is a cause for concern. The increase in net income by 66.23% compared to the previous year is a positive sign. The increase in EPS by 62.18% over the past year is encouraging.
Investors and analysts will closely watch Linc Energy’s future performance to see if the company can reverse the decline in total revenue and achieve sustained profitability. The company’s ability to control expenses and increase its revenue will be crucial in determining its long-term success.