Brokerages Set Lineage, Inc. (NASDAQ:LINE) Target Price at $93.50

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

A number of equities analysts recently commented on LINE shares. KeyCorp started coverage on Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $92.00 target price for the company. Robert W. Baird started coverage on Lineage in a report on Monday, August 19th. They set an “outperform” rating and a $91.00 target price for the company. Bank of America started coverage on Lineage in a report on Monday, August 19th. They set a “buy” rating and a $100.00 target price for the company. JPMorgan Chase & Co. started coverage on Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $93.00 target price for the company. Finally, Piper Sandler started coverage on Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $102.00 target price for the company.

Institutional Investors Weigh In On Lineage

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new stake in shares of Lineage during the 3rd quarter worth about $173,115,000. Seven Grand Managers LLC acquired a new stake in shares of Lineage during the 3rd quarter worth about $24,298,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Lineage during the 3rd quarter worth about $23,893,000. Asset Management One Co. Ltd. acquired a new stake in shares of Lineage during the 3rd quarter worth about $6,595,000. Finally, Easterly Investment Partners LLC acquired a new stake in shares of Lineage during the 3rd quarter worth about $6,100,000.

Lineage Price Performance

Shares of NASDAQ:LINE opened at $72.54 on Friday. The business’s 50-day simple moving average is $79.16. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. Lineage has a 12-month low of $71.97 and a 12-month high of $89.85.

Lineage Announces Dividend

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

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.