Lineage (NASDAQ:LINE) Price Target Lowered to $70.00 at Robert W. Baird

Lineage (NASDAQ:LINE - Get Free Report) had its price target cut by Robert W. Baird from $76.00 to $70.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's target price would indicate a potential upside of 16.73% from the stock's current price.

LINE has been the subject of several other reports. JPMorgan Chase & Co. downgraded Lineage from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Mizuho reduced their price objective on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. BNP Paribas began coverage on shares of Lineage in a research report on Tuesday, January 14th. They set a "neutral" rating and a $61.00 price target for the company. Finally, Scotiabank lowered their price objective on Lineage from $76.00 to $73.00 and set a "sector outperform" rating on the stock in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lineage currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.41.

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Lineage Price Performance

NASDAQ LINE traded down $0.28 during trading hours on Thursday, reaching $59.97. The company's stock had a trading volume of 912,984 shares, compared to its average volume of 981,844. The company's 50-day moving average is $57.74 and its two-hundred day moving average is $68.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. Lineage has a 1-year low of $52.75 and a 1-year high of $89.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LINE. DigitalBridge Group Inc. acquired a new stake in Lineage during the fourth quarter worth about $5,195,000. Woodline Partners LP grew its stake in shares of Lineage by 0.3% in the 4th quarter. Woodline Partners LP now owns 310,899 shares of the company's stock valued at $18,209,000 after buying an additional 899 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in shares of Lineage by 4.0% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company's stock worth $526,000 after buying an additional 340 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Lineage during the 4th quarter valued at approximately $378,000. Finally, Needham Investment Management LLC lifted its holdings in Lineage by 84.0% in the fourth quarter. Needham Investment Management LLC now owns 11,500 shares of the company's stock valued at $674,000 after acquiring an additional 5,250 shares during the last quarter.

About Lineage

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.