Piper Sandler Lowers Lineage (NASDAQ:LINE) Price Target to $75.00

Lineage (NASDAQ:LINE) had its price objective dropped by investment analysts at Piper Sandler from $90.00 to $75.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 24.48% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Mizuho reduced their target price on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Scotiabank reduced their target price on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a report on Monday, February 3rd. Robert W. Baird reduced their target price on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Lineage from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $78.00 to $75.00 in a report on Friday, December 20th. Finally, Evercore ISI reduced their target price on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, November 7th. Seven 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 stock. According to MarketBeat.com, Lineage has an average rating of “Moderate Buy” and a consensus target price of $82.41.

Lineage Trading Up 1.0 %

Lineage stock opened at $60.25 on Thursday. Lineage has a twelve month low of $52.75 and a twelve month high of $89.85. The company has a 50 day moving average of $57.71 and a 200-day moving average of $68.58. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On Lineage

Several large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in shares of Lineage by 1.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company’s stock valued at $595,000 after purchasing an additional 185 shares during the period. State of Alaska Department of Revenue raised its position in shares of Lineage by 1.0% in the fourth quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company’s stock valued at $1,740,000 after purchasing an additional 291 shares during the period. US Bancorp DE bought a new position in shares of Lineage in the third quarter valued at about $25,000. Nissay Asset Management Corp Japan ADV raised its position in shares of Lineage by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company’s stock valued at $526,000 after purchasing an additional 340 shares during the period. Finally, Larson Financial Group LLC bought a new position in shares of Lineage in the third quarter valued at about $34,000.

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.