Lineage (NASDAQ:LINE) Price Target Raised to $51.00

Key Points

• Goldman Sachs raised its price target on Lineage from $46 to $51 and maintains a "buy" rating, implying roughly a 42.9% upside from the prior close.
• Lineage recently missed quarterly expectations (EPS $0.03 vs. $0.73 expected; revenue $1.34B vs. $1.38B expected), and the stock traded down to $35.70 amid negative margins and a 52‑week range of $32.46–$60.79.
• Chairman Kevin Marchetti purchased 13,300 shares at $37.50 (a 13.25% increase in his stake), and insiders collectively own about 71.9% of the company.

Lineage (NASDAQ:LINE - Get Free Report) had its target price hoisted by equities researchers at The Goldman Sachs Group from $46.00 to $51.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price target suggests a potential upside of 42.87% from the stock's previous close.

LINE has been the subject of several other reports. Morgan Stanley decreased their price objective on shares of Lineage from $46.00 to $39.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 16th. Truist Financial increased their price target on Lineage from $41.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday, March 4th. Wall Street Zen cut Lineage from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Royal Bank Of Canada increased their target price on Lineage from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, March 2nd. Finally, Barclays reissued a "positive" rating on shares of Lineage in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.72.

Lineage Trading Down 2.9%

NASDAQ:LINE traded down $1.05 during trading hours on Friday, reaching $35.70. 454,318 shares of the company were exchanged, compared to its average volume of 1,412,131. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of -83.37 and a beta of -0.42. The stock has a 50 day simple moving average of $37.69 and a 200 day simple moving average of $37.67. Lineage has a 52-week low of $32.46 and a 52-week high of $60.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71.

Lineage (NASDAQ:LINE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. As a group, analysts predict that Lineage will post 2.34 EPS for the current year.

Insider Transactions at Lineage

In related news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average cost of $37.50 per share, with a total value of $498,750.00. Following the completion of the acquisition, the chairman directly owned 113,690 shares of the company's stock, valued at approximately $4,263,375. The trade was a 13.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 71.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lineage

A number of institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its holdings in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company's stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 362 shares during the period. Rothschild Investment LLC increased its stake in Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company's stock valued at $26,000 after purchasing an additional 627 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of Lineage during the third quarter worth $31,000. Finally, Allworth Financial LP lifted its position in shares of Lineage by 426.4% in the 2nd quarter. Allworth Financial LP now owns 758 shares of the company's stock worth $33,000 after buying an additional 614 shares during the last quarter.

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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