Analysts Set Lineage, Inc. (NASDAQ:LINE) Target Price at $93.50

Lineage, Inc. (NASDAQ:LINE - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seventeen analysts that are presently 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 issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $93.50.

Several analysts have commented on LINE shares. Piper Sandler started coverage on shares of Lineage in a research note on Monday, August 19th. They issued an "overweight" rating and a $102.00 price target on the stock. JPMorgan Chase & Co. began coverage on Lineage in a research report on Monday, August 19th. They issued an "overweight" rating and a $93.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $94.00 price objective on shares of Lineage in a research note on Tuesday, September 3rd. Mizuho started coverage on Lineage in a research report on Monday, August 19th. They set a "neutral" rating and a $86.00 target price for the company. Finally, Morgan Stanley began coverage on shares of Lineage in a research report on Monday, August 19th. They issued an "overweight" rating and a $100.00 price target on the stock.

Lineage Trading Down 2.4 %

Shares of Lineage stock traded down $1.77 on Friday, hitting $72.27. 581,677 shares of the company traded hands, compared to its average volume of 1,422,400. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. The company's 50-day moving average price is $79.16. Lineage has a 52 week low of $72.03 and a 52 week high of $89.85.

Lineage Announces Dividend

The firm also recently declared a -- dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Villere ST Denis J & Co. LLC bought a new position in Lineage during the 3rd quarter worth about $314,000. Easterly Investment Partners LLC purchased a new position in shares of Lineage in the third quarter worth $6,100,000. Principal Financial Group Inc. acquired a new stake in Lineage during the 3rd quarter worth about $173,115,000. Amalgamated Bank purchased a new stake in Lineage in the third quarter valued at approximately $255,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Lineage in the third quarter worth $6,595,000.

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.