Lineage (NASDAQ:LINE) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded Lineage from “sell” to “strong sell,” adding to a generally cautious analyst view on the stock.
• Despite mixed ratings from other firms, the overall consensus remains “Reduce” with a price target of $43.22; analysts are split between 4 Buy, 11 Hold, and 5 Sell ratings.
• Lineage’s latest quarter beat earnings expectations, reporting $0.78 EPS versus an expected loss, while revenue came in at $1.30 billion, slightly below estimates but up 0.4% year over year.

Lineage (NASDAQ:LINE - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a note issued to investors on Monday.

Several other brokerages also recently issued reports on LINE. Royal Bank Of Canada raised their price objective on shares of Lineage from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. Scotiabank raised their price objective on shares of Lineage from $39.00 to $42.00 and gave the stock a "hold" rating in a research report on Wednesday, March 11th. Weiss Ratings restated a "sell (d)" rating on shares of Lineage in a research report on Friday, March 27th. The Goldman Sachs Group raised their price objective on shares of Lineage from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Finally, Citigroup raised their price objective on shares of Lineage from $38.00 to $42.00 and gave the stock a "neutral" rating in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $43.22.

Lineage Price Performance

Shares of NASDAQ LINE opened at $39.96 on Monday. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of -64.45 and a beta of 0.61. The business has a 50-day moving average of $36.52 and a 200-day moving average of $36.42. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. Lineage has a fifty-two week low of $31.33 and a fifty-two week high of $48.72.

Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The company had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the company earned $0.86 EPS. Lineage's revenue for the quarter was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Lineage will post 2.39 earnings per share for the current fiscal year.

Insider Activity at Lineage

In other Lineage news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the business's stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $37.50 per share, for a total transaction of $498,750.00. Following the completion of the acquisition, the chairman owned 113,690 shares in the company, valued at approximately $4,263,375. This trade represents a 13.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 71.90% of the company's stock.

Institutional Trading of Lineage

A number of institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Lineage by 15.2% during the first quarter. Royal Bank of Canada now owns 4,956 shares of the company's stock valued at $290,000 after purchasing an additional 653 shares during the period. AQR Capital Management LLC acquired a new position in shares of Lineage during the first quarter valued at about $886,000. Millennium Management LLC raised its holdings in shares of Lineage by 197.0% during the first quarter. Millennium Management LLC now owns 288,518 shares of the company's stock valued at $16,916,000 after purchasing an additional 191,362 shares during the period. Invesco Ltd. raised its holdings in shares of Lineage by 15.5% during the second quarter. Invesco Ltd. now owns 148,086 shares of the company's stock valued at $6,445,000 after purchasing an additional 19,927 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company's stock valued at $25,000 after purchasing an additional 362 shares during the period.

Lineage Company Profile

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.

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