Lineage, Inc. (NASDAQ:LINE) Receives $88.50 Average Target Price from Analysts

Lineage, Inc. (NASDAQ:LINE) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $88.50.

LINE has been the topic of a number of research reports. Capital One Financial assumed coverage on Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 target price on the stock. The Goldman Sachs Group lowered their price objective on shares of Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Scotiabank decreased their target price on shares of Lineage from $94.00 to $76.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Finally, Evercore ISI dropped their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th.

Institutional Investors Weigh In On Lineage

Several large investors have recently made changes to their positions in LINE. US Bancorp DE bought a new position in Lineage during the third quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in Lineage in the third quarter valued at about $34,000. Spirit of America Management Corp NY bought a new position in shares of Lineage during the 3rd quarter valued at approximately $165,000. Stifel Financial Corp purchased a new stake in shares of Lineage during the 3rd quarter worth approximately $211,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Lineage in the 3rd quarter worth approximately $226,000.

Lineage Stock Up 0.0 %

LINE opened at $58.56 on Friday. The firm has a fifty day moving average of $66.93. Lineage has a 1-year low of $56.67 and a 1-year high of $89.85. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities analysts expect that Lineage will post 3 earnings per share for the current year.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.5275 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.11 annualized dividend and a yield of 3.60%.

Lineage Company Profile

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.