Analysts Set Lineage, Inc. (NASDAQ:LINE) PT at $90.75

Shares of Lineage, Inc. (NASDAQ:LINE) have received an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $90.75.

Several analysts have issued reports on LINE shares. Piper Sandler began coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $102.00 price objective for the company. Mizuho initiated coverage on Lineage in a report on Monday, August 19th. They set a “neutral” rating and a $86.00 price objective for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Lineage in a research report on Monday, August 19th. They issued a “hold” rating and a $90.00 price objective on the stock. Royal Bank of Canada decreased their target price on Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group cut their price target on shares of Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Van ECK Associates Corp bought a new stake in Lineage during the third quarter valued at about $833,000. Sequoia Financial Advisors LLC bought a new stake in shares of Lineage in the 3rd quarter valued at about $23,893,000. Nicola Wealth Management LTD. bought a new stake in shares of Lineage in the 3rd quarter valued at about $658,000. abrdn plc purchased a new position in shares of Lineage in the 3rd quarter worth approximately $1,000,000. Finally, Baillie Gifford & Co. bought a new position in shares of Lineage during the 3rd quarter worth approximately $134,351,000.

Lineage Stock Performance

NASDAQ:LINE 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’s fifty day moving average is $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 announced its earnings results 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). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $0.75 EPS. The company’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts predict that Lineage will post 3 earnings per share for the current year.

Lineage Announces Dividend

The business also recently announced 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.