Lineage (NASDAQ:LINE) Price Target Raised to $39.00 at Wells Fargo & Company

Lineage (NASDAQ:LINE) had its price target boosted by analysts at Wells Fargo & Company from $32.00 to $39.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 2.15% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research note on Monday, December 29th. Morgan Stanley lowered their target price on Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, December 16th. Citigroup cut their price target on Lineage from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. UBS Group lowered their price objective on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Piper Sandler increased their target price on shares of Lineage from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. 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 company. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $42.53.

Lineage Trading Down 1.6%

Shares of LINE traded down $0.66 during trading hours on Monday, reaching $39.86. 169,508 shares of the company traded hands, compared to its average volume of 1,513,631. The stock’s fifty day moving average price is $36.68 and its 200 day moving average price is $37.81. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -92.82 and a beta of -0.43. Lineage has a 12-month low of $32.46 and a 12-month high of $62.30.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Sell-side analysts forecast that Lineage will post 2.34 earnings per share for the current year.

Institutional Trading of Lineage

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Lineage by 21.9% in the 4th quarter. Invesco Ltd. now owns 219,262 shares of the company’s stock valued at $7,674,000 after buying an additional 39,442 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Lineage by 100.4% in the fourth quarter. Corient Private Wealth LLC now owns 172,229 shares of the company’s stock worth $6,028,000 after purchasing an additional 86,277 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of Lineage during the fourth quarter worth $6,436,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Lineage during the 4th quarter valued at $449,000. Finally, Caitlin John LLC boosted its position in shares of Lineage by 88.4% in the 4th quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock worth $53,000 after purchasing an additional 707 shares in the last quarter.

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.