Analysts Set Lineage, Inc. (NASDAQ:LINE) Price Target at $85.76

Shares of Lineage, Inc. (NASDAQ:LINE) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $85.06.

A number of research analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group lowered their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank reduced their price objective 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. Mizuho lowered their price target on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Robert W. Baird reduced their price objective on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th.

Lineage Trading Up 1.3 %

LINE opened at $58.18 on Thursday. The stock has a fifty day moving average price of $60.80. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage has a twelve month low of $52.75 and a twelve month high of $89.85.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. As a group, equities analysts expect that Lineage will post 2.33 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.63%. The ex-dividend date is Tuesday, December 31st.

Institutional Investors Weigh In On Lineage

A number of hedge funds have recently added to or reduced their stakes in LINE. Janney Montgomery Scott LLC lifted its stake in Lineage by 1.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company’s stock valued at $595,000 after acquiring an additional 185 shares in the last quarter. US Bancorp DE bought a new stake in shares of Lineage in the third quarter valued at $25,000. Larson Financial Group LLC purchased a new stake in Lineage during the third quarter valued at about $34,000. GAMMA Investing LLC grew its position in shares of Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 448 shares in the last quarter. Finally, Spirit of America Management Corp NY bought a new stake in Lineage during the 3rd quarter worth approximately $165,000.

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.