Analysts Set Lineage, Inc. (NASDAQ:LINE) Target Price at $77.63

Lineage, Inc. (NASDAQ:LINE - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty research firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $76.32.

LINE has been the subject of several analyst reports. Barclays began coverage on shares of Lineage in a research report on Wednesday, April 9th. They set an "overweight" rating and a $59.00 price target for the company. Robert W. Baird reduced their price target on shares of Lineage from $70.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday. Piper Sandler reduced their price target on Lineage from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group cut their price objective on shares of Lineage from $89.00 to $77.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Morgan Stanley cut their price target on shares of Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 1st.

Insider Buying and Selling

In other Lineage news, Chairman Adam Matthew Schwartz Forste bought 24,317 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the acquisition, the chairman now directly owns 24,317 shares of the company's stock, valued at approximately $1,471,178.50. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in Lineage by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company's stock valued at $595,000 after buying an additional 185 shares during the period. State of Alaska Department of Revenue raised its holdings in Lineage by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company's stock valued at $1,740,000 after buying an additional 291 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Lineage by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company's stock worth $526,000 after buying an additional 340 shares during the last quarter. M&T Bank Corp raised its position in shares of Lineage by 9.7% in the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company's stock valued at $292,000 after purchasing an additional 439 shares during the period. Finally, GAMMA Investing LLC grew its stake in Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company's stock valued at $27,000 after buying an additional 448 shares during the last quarter.

Lineage Stock Down 3.2 %

Shares of NASDAQ:LINE traded down $1.55 during midday trading on Friday, reaching $46.68. The company had a trading volume of 496,024 shares, compared to its average volume of 1,255,906. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage has a 52-week low of $46.52 and a 52-week high of $89.85. The company's 50 day moving average price is $56.90 and its 200 day moving average price is $60.88.

Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion. Lineage's revenue was down 2.7% on a year-over-year basis. On average, equities analysts expect that Lineage will post 2.34 earnings per share for the current year.

Lineage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 21st. Stockholders of record on Monday, March 31st were paid a dividend of $0.5275 per share. The ex-dividend date was Monday, March 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 4.52%.

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.