Analysts Set Lineage, Inc. (NASDAQ:LINE) Target Price at $84.88

Lineage, Inc. (NASDAQ:LINE) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $84.88.

Several equities research analysts have recently commented on LINE shares. JPMorgan Chase & Co. downgraded Lineage from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $78.00 to $75.00 in a report on Friday, December 20th. Robert W. Baird decreased their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, November 7th. Evercore ISI decreased their target price on Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Scotiabank cut their price target on Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group cut their target price on Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 17th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Van ECK Associates Corp purchased a new position in shares of Lineage in the third quarter worth $833,000. TOMS Capital Investment Management LP purchased a new position in shares of Lineage in the third quarter worth $15,676,000. Sequoia Financial Advisors LLC purchased a new position in shares of Lineage in the third quarter worth $23,893,000. JPMorgan Chase & Co. purchased a new position in shares of Lineage in the third quarter worth $12,542,000. Finally, Nicola Wealth Management LTD. purchased a new position in shares of Lineage in the third quarter worth $658,000.

Lineage Price Performance

Shares of LINE stock opened at $56.55 on Monday. The business’s 50-day moving average price is $58.96 and its 200-day moving average price is $70.82. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage has a 12 month low of $52.75 and a 12 month high of $89.85.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Tuesday, December 31st.

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.