Lineage, Inc. (NASDAQ:LINE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lineage, Inc. (NASDAQ:LINE) have been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $90.75.

A number of brokerages recently weighed in on LINE. Mizuho began coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “neutral” rating and a $86.00 target price for the company. Piper Sandler initiated coverage on Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $102.00 price objective for the company. Baird R W upgraded Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Robert W. Baird decreased their price target on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Lineage in a research report on Monday, August 19th. They issued a “hold” rating and a $90.00 price objective on the stock.

Institutional Investors Weigh In On Lineage

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp acquired a new position in shares of Lineage in the third quarter valued at $833,000. Sequoia Financial Advisors LLC bought a new stake in shares of Lineage during the 3rd quarter worth about $23,893,000. Nicola Wealth Management LTD. acquired a new position in Lineage in the 3rd quarter valued at about $658,000. abrdn plc bought a new position in Lineage in the 3rd quarter valued at about $1,000,000. Finally, Baillie Gifford & Co. acquired a new stake in Lineage during the third quarter worth approximately $134,351,000.

Lineage Stock Down 1.6 %

NASDAQ LINE opened at $64.57 on Wednesday. Lineage has a one year low of $62.50 and a one year high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $73.68.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. On average, equities research analysts forecast that Lineage will post 3 EPS for the current year.

Lineage Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

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.