Lincoln National Corporation (LNC) : 11 analysts are covering Lincoln National Corporation (LNC) and their average rating on the stock is 2.32, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Lincoln National Corporation (LNC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Lincoln National Corporation (LNC) : Currently there are 8 street experts covering Lincoln National Corporation (LNC) stock. The most bullish and bearish price target for the stock is $59 and $44 respectively for the short term. The average price target of all the analysts comes to $52.75. The estimated standard deviation from the target is $4.71.
Lincoln National Corporation (NYSE:LNC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.61 and $36.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.61, notching a gain of 1.37% for the day. The total traded volume was 3,957,161 . The stock had closed at $37.10 on the previous day.
Also, Equity analysts at the Brokerage firm Bank of America downgrades its rating on Lincoln National Corporation (NYSE:LNC). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 29, 2016. The company shares have dropped -34.02% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $59.51 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $42.84 and the 200 Day Moving Average price is recorded at $41.30.
Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental. It operates in four segments: Annuities offers fixed (including indexed) and variable annuities. Retirement Plan Services provides employers with retirement plan products and services. Life Insurance focuses in the creation and protection of wealth through life insurance products. Group Protection offers principally group non-medical insurance products.