Lineage, Inc. (NASDAQ:LINE) Receives $42.25 Consensus Price Target from Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have been given a consensus recommendation of “Hold” by the eighteen analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $42.9375.

Several brokerages have weighed in on LINE. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research note on Wednesday, June 24th. Barclays upped their price objective on Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research note on Friday, May 15th. UBS Group lifted their target price on Lineage from $35.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. Truist Financial boosted their price target on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Piper Sandler increased their price target on shares of Lineage from $35.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday.

Lineage Stock Up 1.1%

Shares of NASDAQ:LINE opened at $41.42 on Monday. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of -66.81 and a beta of 0.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The business’s 50-day moving average is $42.74 and its 200-day moving average is $38.89. Lineage has a 1 year low of $31.33 and a 1 year high of $45.75.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $1.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. Equities research analysts predict that Lineage will post 2.44 earnings per share for the current year.

Lineage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th were paid a $0.5325 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 annualized dividend and a dividend yield of 5.1%. Lineage’s payout ratio is presently -343.55%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Lineage in the 4th quarter valued at about $482,255,000. Morgan Stanley increased its stake in shares of Lineage by 378.6% in the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after purchasing an additional 3,968,958 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Lineage by 712.1% in the first quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock worth $118,268,000 after purchasing an additional 3,165,593 shares in the last quarter. Darlington Partners Capital Management LP raised its position in shares of Lineage by 45.5% in the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock valued at $198,332,000 after purchasing an additional 1,605,810 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock valued at $46,273,000 after buying an additional 1,149,686 shares in 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.