Brokerages Set Lineage, Inc. (NASDAQ:LINE) PT at $85.76

Shares of Lineage, Inc. (NASDAQ:LINE) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $85.06.

A number of research firms have recently weighed in on LINE. BNP Paribas started coverage on shares of Lineage in a research report on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 target price on the stock. JPMorgan Chase & Co. cut shares of Lineage from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Scotiabank cut their price target on Lineage from $94.00 to $76.00 and set a “sector outperform” rating for the company in a research note on Tuesday, December 10th. The Goldman Sachs Group decreased their price target on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Robert W. Baird cut 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.

Lineage Trading Up 1.3 %

NASDAQ:LINE opened at $58.18 on Thursday. The firm’s fifty day moving average price is $60.80. Lineage has a 52 week low of $52.75 and a 52 week high of $89.85. 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 (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). The company 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%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. On average, sell-side analysts predict that Lineage will post 2.33 EPS for the current year.

Lineage Announces Dividend

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

Institutional Trading of Lineage

A number of hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in shares of Lineage in the 3rd quarter worth $25,000. GAMMA Investing LLC boosted its holdings in shares of Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 448 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Lineage in the third quarter valued at $34,000. Spirit of America Management Corp NY acquired a new stake in Lineage during the third quarter worth about $165,000. Finally, Stifel Financial Corp purchased a new position in shares of Lineage during the 3rd quarter valued at approximately $211,000.

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.