Analysts Set Lineage, Inc. (NASDAQ:LINE) PT at $88.50

Shares of Lineage, Inc. (NASDAQ:LINE - Get Free Report) have received a consensus rating of "Moderate Buy" from the seventeen ratings firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $88.50.

Several brokerages have commented on LINE. JPMorgan Chase & Co. cut shares of Lineage from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $78.00 to $75.00 in a report on Friday. Robert W. Baird decreased their price objective on shares of Lineage from $91.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, November 7th. Royal Bank of Canada reduced their target price on Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Evercore ISI dropped their price target on Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price objective on Lineage from $104.00 to $89.00 and set a "buy" rating for the company in a research report on Thursday, November 14th.

Institutional Investors Weigh In On Lineage

Several institutional investors and hedge funds have recently modified their holdings of LINE. Van ECK Associates Corp acquired a new stake in Lineage in the 3rd quarter worth approximately $833,000. TOMS Capital Investment Management LP bought a new position in shares of Lineage in the third quarter valued at approximately $15,676,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Lineage in the third quarter worth $23,893,000. Nicola Wealth Management LTD. bought a new stake in shares of Lineage during the 3rd quarter worth $658,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Lineage during the 3rd quarter worth $173,115,000.

Lineage Price Performance

Shares of NASDAQ:LINE traded up $1.67 on Friday, reaching $58.57. 2,597,078 shares of the company traded hands, compared to its average volume of 1,354,440. 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 simple moving average of $67.64. Lineage has a fifty-two week low of $56.67 and a fifty-two week high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, equities analysts anticipate that Lineage will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.5275 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 3.60%.

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.