Brokerages Set Lineage, Inc. (NASDAQ:LINE) Price Target at $90.75

Shares of Lineage, Inc. (NASDAQ:LINE) have earned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research 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 $90.75.

Several research analysts recently commented on LINE shares. Deutsche Bank Aktiengesellschaft assumed coverage on Lineage in a research note on Monday, August 19th. They set a “hold” rating and a $90.00 target price for the company. Capital One Financial started coverage on shares of Lineage in a research note on Monday, September 16th. They set an “overweight” rating and a $91.00 target price on the stock. Robert W. Baird decreased their price target on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Bank of America began coverage on shares of Lineage in a research report on Monday, August 19th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Scotiabank reduced their price objective on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a report on Monday, August 26th.

Lineage Price Performance

Shares of LINE opened at $63.42 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The stock’s 50-day simple moving average is $72.61. Lineage has a 1 year low of $62.50 and a 1 year high of $89.85.

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

Lineage Announces Dividend

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

Hedge Funds Weigh In On Lineage

A number of hedge funds have recently modified their holdings of LINE. US Bancorp DE acquired a new stake in Lineage during the 3rd quarter worth $25,000. Larson Financial Group LLC purchased a new stake in shares of Lineage in the third quarter valued at about $34,000. Spirit of America Management Corp NY acquired a new stake in shares of Lineage during the third quarter worth about $165,000. Stifel Financial Corp purchased a new position in shares of Lineage during the third quarter worth about $211,000. Finally, MetLife Investment Management LLC acquired a new position in Lineage in the 3rd quarter valued at about $226,000.

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.