The Goldman Sachs Group Issues Pessimistic Forecast for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE - Free Report) had its target price decreased by The Goldman Sachs Group from $104.00 to $89.00 in a research report report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

LINE has been the subject of a number of other research reports. Capital One Financial assumed coverage on shares of Lineage in a report on Monday, September 16th. They issued an "overweight" rating and a $91.00 target price for the company. Baird R W upgraded Lineage to a "strong-buy" rating in a research note on Monday, August 19th. Evercore ISI lowered their price objective 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. Bank of America began coverage on Lineage in a research note on Monday, August 19th. They issued a "buy" rating and a $100.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on Lineage from $86.00 to $89.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.75.

Lineage Price Performance

Shares of NASDAQ LINE traded down $1.64 during midday trading on Thursday, reaching $63.14. The company's stock had a trading volume of 1,406,299 shares, compared to its average volume of 1,418,311. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage has a fifty-two week low of $62.91 and a fifty-two week high of $89.85. The stock has a 50 day simple moving average of $76.65.

Lineage (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company posted $0.75 earnings per share. The business's revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that Lineage will post 3 earnings per share for the current fiscal year.

Lineage Dividend Announcement

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

Hedge Funds Weigh In On Lineage

Hedge funds have recently bought and sold shares of the company. US Bancorp DE acquired a new stake in Lineage during the 3rd quarter valued at $25,000. Larson Financial Group LLC purchased a new position in shares of Lineage in the 3rd quarter worth $34,000. Spirit of America Management Corp NY purchased a new position in Lineage in the third quarter valued at about $165,000. MetLife Investment Management LLC purchased a new position in Lineage in the third quarter valued at about $226,000. Finally, Amalgamated Bank purchased a new position in Lineage in the third quarter valued at about $255,000.

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.