Lineage, Inc. (NASDAQ:LINE) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lineage, Inc. (NASDAQ:LINE) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $90.75.

Several brokerages have recently weighed in on LINE. Royal Bank of Canada dropped their price target on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Mizuho started coverage on Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $86.00 target price on the stock. The Goldman Sachs Group reduced their price target on Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Baird R W raised Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Piper Sandler started coverage on shares of Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $102.00 target price for the company.

Institutional Investors Weigh In On Lineage

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Lineage during the 3rd quarter valued at approximately $658,000. Perpetual Ltd purchased a new position in shares of Lineage in the third quarter valued at $324,000. Renaissance Capital LLC bought a new stake in Lineage in the third quarter worth $5,209,000. Vontobel Holding Ltd. purchased a new stake in Lineage during the third quarter valued at $1,026,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Lineage during the third quarter valued at $3,582,000.

Lineage Price Performance

LINE stock 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 firm has a 50-day moving average price of $72.26. Lineage has a fifty-two week low of $62.50 and a fifty-two week high of $89.85.

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

Lineage Dividend Announcement

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