Lineage (NASDAQ:LINE) Given New $76.00 Price Target at Scotiabank

Lineage (NASDAQ:LINE - Free Report) had its target price cut by Scotiabank from $94.00 to $76.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

A number of other equities analysts also recently issued reports on LINE. Royal Bank of Canada dropped their price target on Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. Wells Fargo & Company upped their price objective on shares of Lineage from $86.00 to $89.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 28th. Bank of America began coverage on shares of Lineage in a research report on Monday, August 19th. They set a "buy" rating and a $100.00 target price on the stock. Evercore ISI lowered their price target on shares of Lineage from $88.00 to $78.00 and set an "in-line" rating for the company in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Lineage in a report on Monday, August 19th. They set a "hold" rating and a $90.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $89.63.

Lineage Trading Down 1.5 %

LINE traded down $0.95 on Tuesday, reaching $62.62. 1,010,536 shares of the company traded hands, compared to its average volume of 1,356,991. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage has a one year low of $61.00 and a one year high of $89.85. The firm has a fifty day moving average price of $70.32.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.75 EPS. The business's revenue was up .5% on a year-over-year basis. On average, research analysts expect that Lineage will post 3 EPS for the current year.

Hedge Funds Weigh In On Lineage

Several hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new stake in Lineage during the 3rd quarter worth about $25,000. Larson Financial Group LLC purchased a new position in shares of Lineage in the third quarter worth about $34,000. Spirit of America Management Corp NY acquired a new stake in shares of Lineage during the third quarter worth about $165,000. Stifel Financial Corp acquired a new position in Lineage in the 3rd quarter worth approximately $211,000. Finally, MetLife Investment Management LLC acquired a new position in Lineage in the 3rd quarter worth approximately $226,000.

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.