Lineage, Inc. (NASDAQ:LINE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Lineage, Inc. (NASDAQ:LINE) has been assigned an average rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $88.50.

Several brokerages have issued reports on LINE. Scotiabank cut their price objective on Lineage from $94.00 to $76.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Robert W. Baird cut their price target on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Evercore ISI decreased their price objective on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group lowered their price objective on shares of Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Capital One Financial started coverage on shares of Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 target price on the stock.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently modified their holdings of LINE. JPMorgan Chase & Co. bought a new position in Lineage during the 3rd quarter worth approximately $12,542,000. Principal Financial Group Inc. acquired a new stake in Lineage in the third quarter worth $173,115,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Lineage in the third quarter worth $7,804,000. Geode Capital Management LLC bought a new position in shares of Lineage during the third quarter worth $91,161,000. Finally, M&T Bank Corp acquired a new position in shares of Lineage in the 3rd quarter valued at $356,000.

Lineage Trading Up 0.2 %

Shares of Lineage stock opened at $59.00 on Friday. Lineage has a 12-month low of $56.67 and a 12-month high of $89.85. The stock’s 50-day moving average price is $65.85. 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 (NASDAQ:LINE) last posted its quarterly earnings data 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. On average, analysts predict that Lineage will post 3 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a $0.5275 dividend. This represents a $2.11 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Tuesday, December 31st.

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.