Lineage, Inc. (NASDAQ:LINE) Receives $93.50 Consensus Target Price from Analysts

Shares of Lineage, Inc. (NASDAQ:LINE) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $93.50.

Several research firms have weighed in on LINE. Bank of America assumed coverage on shares of Lineage in a report on Monday, August 19th. They issued a “buy” rating and a $100.00 target price on the stock. KeyCorp began coverage on Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $92.00 price objective for the company. Mizuho initiated coverage on Lineage in a research report on Monday, August 19th. They issued a “neutral” rating and a $86.00 target price on the stock. Capital One Financial initiated coverage on Lineage in a research note on Monday, September 16th. They issued an “overweight” rating and a $91.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $100.00 price objective for the company.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. purchased a new position in Lineage in the third quarter valued at $176,790,000. Principal Financial Group Inc. acquired a new stake in Lineage in the 3rd quarter valued at about $173,115,000. Baillie Gifford & Co. purchased a new position in shares of Lineage in the 3rd quarter valued at about $134,351,000. Seven Grand Managers LLC acquired a new position in shares of Lineage during the third quarter worth about $24,298,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Lineage during the third quarter worth about $23,893,000.

Lineage Price Performance

Shares of LINE stock opened at $67.80 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10. Lineage has a twelve month low of $67.53 and a twelve month high of $89.85. The firm’s 50-day moving average price is $78.32.

Lineage Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were given a $0.38 dividend. The ex-dividend date of this dividend was Monday, September 30th.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.