Patience To Be Paid Off: Lincoln National Corporation (LNC), Archer-Daniels-Midland Company (ADM) – The RNS Daily

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Lincoln National Corporation (NYSE:LNC)’s beta now stands at 1.92 and when compared to its 200-day moving average and its 50-day moving average, LNC price stands -1.56% below and 4.82% above respectively. The stock dropped by -21.31% or -$16.72 from its last recorded high of $78.46 which it attained on March 21 to close at $61.74 per share. Over the past 52 weeks, the shares of Lincoln National Corporation has been trading as low as $48.07 before witnessing a massive surge by 28.44% or $13.67. This price movement has led to the LNC stock receiving more attention and has become one to watch out for. It dipped by -0.1% on Thursday and this got the market worried. Its average daily volatility for this week is 1.27% which is less than the 1.68% recorded over the past month.

Lincoln National Corporation (LNC) rose 2.24% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -20.68% and is now up by 20.33% since start of this year. A look at its monthly performance shows that the stock has recorded a 2.05% gain over the past 30 days. Its equity price climbed by 13.31% over the past three months which led to its overall six-month decrease to stand at -4.52%.

Experts from research firms are bullish about the near-term performance of Lincoln National Corporation with most of them predicting a $70.6 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.35% rise in the stock and would lead to LNC’s market cap to surge to $14.48B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Lincoln National Corporation (NYSE:LNC) and find out that 7 of them rated it as a Hold. 10 of the 10 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at LNC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 56.7 point. Its trading volume has lost -401061 shares compared to readings over the past three months as it recently exchanged 1678939 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2080000 shares, and this is 0.81 times the normal volume.

The price of Archer-Daniels-Midland Company (NYSE:ADM) currently stands at $43.35 after it went up by $0.08 or 0.18% and has found a strong support at $43.18 a share. If the ADM price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $43 mark would also be bad for the stock as it means that the stock would plunge by 0.81% from its current position. However, if the stock price is able to trade above the resistance point around $43.49, then it could likely surge higher to try and break the upward resistance which stands at $43.62 a share. Its average daily volatility over the past one month stands at 1.36%. The stock has plunged by 0.48% from its 52-weeks high of $43.14 which it reached on Aug. 10, 2018. In general, it is 9.67% above its 52-weeks lowest point which stands at $39.16 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Archer-Daniels-Midland Company (ADM) for 1 year and it stands at an average $51/share. This means that it would likely increase by 17.65% from its current position. The current price of the stock has been moving between $43.14 and $43.45. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $44. On the other hand, one analyst is super bullish about the price, setting a target as high as $58.

The ADM stock Stochastic Oscillator (%D) is at 80.95%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.38 which compares to the 1.96 recorded by the industry or the 5.99 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.67, which is lower than the 13.83 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 9.1% over the past five years.

Analysts view Archer-Daniels-Midland Company (NYSE:ADM) as a Hold, with 2.1 consensus rating. Reuters surveyed 14 analysts that follow ADM and found that 6 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 8 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Archer-Daniels-Midland Company (ADM) shares or sell it if they already own it.

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