Truist Financial Issues Positive Forecast for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE) had its price target lifted by Truist Financial from $41.00 to $44.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 10.64% from the company’s previous close.

LINE has been the topic of several other research reports. Wells Fargo & Company boosted their target price on Lineage from $32.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday. Mizuho decreased their target price on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. UBS Group decreased their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Morgan Stanley reduced their price target on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $43.00.

Lineage Price Performance

Shares of NASDAQ LINE traded down $0.22 during mid-day trading on Wednesday, reaching $39.77. The company’s stock had a trading volume of 124,736 shares, compared to its average volume of 1,484,172. Lineage has a 1-year low of $32.46 and a 1-year high of $62.30. The stock has a market capitalization of $9.08 billion, a P/E ratio of -92.49 and a beta of -0.42. The stock has a 50-day moving average of $36.91 and a two-hundred day moving average of $37.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Lineage will post 2.34 EPS for the current fiscal year.

Institutional Trading of Lineage

Several institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its position in shares of Lineage by 110.2% in the second quarter. Rockefeller Capital Management L.P. now owns 22,927 shares of the company’s stock worth $998,000 after acquiring an additional 12,021 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Lineage by 58.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock valued at $2,937,000 after acquiring an additional 27,905 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Lineage by 590.5% in the second quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock valued at $3,859,000 after acquiring an additional 75,838 shares during the last quarter. Waterfall Asset Management LLC purchased a new stake in Lineage in the 3rd quarter valued at about $6,275,000. Finally, SCP Investment LP boosted its position in shares of Lineage by 113.3% during the 3rd quarter. SCP Investment LP now owns 480,000 shares of the company’s stock worth $18,547,000 after purchasing an additional 255,000 shares during the period.

About Lineage

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.