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Lincoln Educational Services Corp.
LINC Details
Lincoln Educational Services Corp. (NASDAQ: LINC) offers post-secondary education to recent high school graduates and working adults. Automotive technology, skilled trades, healthcare services, hospitality services, and information technology are among the disciplines offered by the company, which has 22 schools in 14 states. Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, and Euphoria Institute of Beauty Arts and Sciences are the brand names used by the company.
Latest News:
9MFY21 Results:
Key Risks:
Outlook:
Valuation Methodology: EV/EBITDA Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
LINC Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
LINC's stock price has surged 25.00% in the past three months and is currently leaning towards the higher-end of the 52-week range of USD 5.25 to USD 8.20. The stock is currently trading above its 50 and 200 DMA levels, and its RSI Index is 58.79. We have valued the stock using the EV/EBITDA-based relative valuation methodology and arrived at a target price of USD 8.00.
Considering the uptick in the stock price, strong top and bottom-line performance, decent balance sheet, and current valuation, we recommend a "Hold" rating on the stock at the current price of USD 7.65, down 2.67% as of December 13, 2021, 12:11 PM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.