Lineage (NASDAQ:LINE) Earns Neutral Rating from Analysts at BNP Paribas

Research analysts at BNP Paribas assumed coverage on shares of Lineage (NASDAQ:LINE - Get Free Report) in a report released on Tuesday, Marketbeat Ratings reports. The firm set a "neutral" rating and a $61.00 price target on the stock. BNP Paribas' price target would suggest a potential upside of 10.11% from the company's previous close.

Several other brokerages also recently commented on LINE. The Goldman Sachs Group decreased their price objective on shares of Lineage from $104.00 to $89.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Evercore ISI lowered their target price on Lineage from $88.00 to $78.00 and set an "in-line" rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada decreased their price target on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Scotiabank dropped their price objective on shares of Lineage from $94.00 to $76.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, December 10th. Finally, Robert W. Baird decreased their target price 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. 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.76.

Lineage Price Performance

Shares of NASDAQ:LINE traded down $0.20 during trading on Tuesday, reaching $55.40. 788,041 shares of the company's stock traded hands, compared to its average volume of 715,780. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $61.82. Lineage has a 12 month low of $54.67 and a 12 month high of $89.85.

Lineage (NASDAQ:LINE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The business's quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. On average, sell-side analysts anticipate that Lineage will post 3 EPS for the current year.

Institutional Investors Weigh In On Lineage

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new position in Lineage during the 3rd quarter valued at about $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 worth $27,000 after acquiring an additional 448 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Lineage during the 3rd quarter valued at $34,000. Spirit of America Management Corp NY bought a new position in Lineage in the 3rd quarter valued at $165,000. Finally, Stifel Financial Corp acquired a new position in Lineage in the third quarter worth $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.