Brokerages Set Lineage, Inc. (NASDAQ:LINE) Target Price at $44.20

Lineage, Inc. (NASDAQ:LINE) has earned a consensus rating of “Hold” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $44.20.

A number of research firms have weighed in on LINE. The Goldman Sachs Group set a $53.00 price target on Lineage in a research report on Wednesday, August 12th. Scotiabank restated a “sector perform” rating and issued a $45.00 price objective on shares of Lineage in a research note on Thursday, June 18th. Piper Sandler cut their price objective on Lineage from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, August 27th. Royal Bank Of Canada boosted their target price on Lineage from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, August 17th. Finally, Citigroup increased their price target on shares of Lineage from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, August 13th.

Insider Transactions at Lineage

In other news, Chairman Kevin Marchetti acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $39.50 per share, with a total value of $987,500.00. Following the completion of the transaction, the chairman directly owned 138,690 shares of the company’s stock, valued at $5,478,255. This trade represents a 21.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robb LeMasters acquired 20,000 shares of Lineage stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $41.33 per share, for a total transaction of $826,600.00. Following the completion of the purchase, the chief financial officer directly owned 49,500 shares of the company’s stock, valued at approximately $2,045,835. This represents a 67.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 71.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Lineage

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares in the last quarter. Rothschild Investment LLC raised its holdings in Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the last quarter. Paralel Advisors LLC bought a new position in Lineage in the 2nd quarter valued at approximately $26,000. Allworth Financial LP boosted its position in Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the period. Finally, Aew Capital Management L P acquired a new stake in Lineage during the 4th quarter worth approximately $42,000.

Lineage Stock Down 0.5%

Lineage stock opened at $37.39 on Tuesday. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of -51.93 and a beta of 0.82. The company’s 50 day simple moving average is $41.59 and its 200 day simple moving average is $39.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.78 and a quick ratio of 0.70. Lineage has a fifty-two week low of $31.33 and a fifty-two week high of $45.75.

Lineage (NASDAQ:LINE) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.98. Lineage had a negative return on equity of 1.85% and a negative net margin of 3.15%.The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Lineage’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Lineage will post 2.51 EPS for the current year.

Key Lineage News

Here are the key news stories impacting Lineage this week:

• Positive Sentiment: Potential recovery of major losses: Lineage filed a lawsuit against Altus Power and Pearce Services, alleging that negligence and ignored safety warnings caused the June 17 fire that destroyed its 500,000-square-foot Los Angeles cold-storage facility. The company is seeking accountability and reportedly more than $1 billion in damages, creating a potential financial recovery if the claims succeed. Lineage Sues Altus Power and Pearce Services for Ignoring Safety Warnings and Causing Boyle Heights Fire
• Positive Sentiment: Constructive analyst view: Seeking Alpha maintained a bullish stance, citing Lineage’s competitive technology and operating advantages, valuation support, and raised full-year guidance of $2.80–$3.05 per share. Lineage: The Recovery May Be Delayed, But Not Broken
• Neutral Sentiment: Political response: California lawmakers are urging Governor Gavin Newsom to sign legislation connected to the Boyle Heights fire. The measures could affect the local recovery and regulatory environment, but their direct financial impact on Lineage remains unclear. Legislation in Response to Lineage Fire Awaits Governor Action
• Negative Sentiment: Substantial operational and financial risk: The fire eliminated a major facility, while the lawsuit underscores allegations of repeated solar-array failures and unresolved safety issues. Analysts also flagged elevated leverage, with net debt to EBITDA near 6.0 times, and AFFO per share declined year over year despite the improved outlook. The lawsuit’s outcome and timing are uncertain.

Lineage Company Profile

Lineage, Inc (NASDAQ: LINE) is a global real estate investment trust focused on temperature-controlled industrial properties and the food supply chain. The company owns, operates and develops a network of cold-storage facilities designed to preserve perishable products, including frozen and refrigerated food, from production through distribution and retail.

Lineage provides temperature-controlled warehousing, inventory management, transportation coordination and related supply-chain services.