Robert W. Baird Begins Coverage on Lineage (NASDAQ:LINE)

Robert W. Baird assumed coverage on shares of Lineage (NASDAQ:LINE) in a research note published on Monday, MarketBeat reports. The firm issued an outperform rating and a $91.00 price target on the stock.

A number of other equities research analysts also recently issued reports on the company. Evercore ISI started coverage on Lineage in a research note on Monday. They set an inline rating and a $88.00 price target for the company. Morgan Stanley began coverage on shares of Lineage in a report on Monday. They set an overweight rating and a $100.00 target price for the company. Wells Fargo & Company started coverage on shares of Lineage in a research note on Monday. They set an equal weight rating and a $86.00 price target on the stock. Scotiabank assumed coverage on Lineage in a research note on Monday. They issued a sector outperform rating and a $95.00 price objective for the company. Finally, Truist Financial started coverage on Lineage in a research report on Monday. They set a buy rating and a $94.00 target price on the stock. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lineage has an average rating of Moderate Buy and a consensus target price of $93.60.

Lineage Price Performance

Shares of NASDAQ LINE opened at $86.46 on Monday. Lineage has a 52-week low of $80.15 and a 52-week high of $89.85.

Insider Activity

In related news, CFO Robert Crisci bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at $780,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Robert Crisci purchased 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were acquired at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at $780,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey Alvarez Rivera acquired 600 shares of the company’s stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $78.00 per share, with a total value of $46,800.00. Following the acquisition, the insider now directly owns 5,406 shares in the company, valued at $421,668. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,150 shares of company stock worth $947,700 over the last quarter. Insiders own 1.40% of the company’s stock.

Lineage Company Profile

Our purpose is to transform the global food supply chain to eliminate waste and help feed the world. Built with the vision of creating a more sustainable future, we are a leading mission-critical, temperature-controlled infrastructure provider for the storage, handling and movement of food around the world.