Lineage (NASDAQ:LINE) Price Target Raised to $44.00 at Royal Bank Of Canada

Lineage (NASDAQ:LINE) had its price objective boosted by equities research analysts at Royal Bank Of Canada from $42.00 to $44.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 10.38% from the stock’s current price.

A number of other brokerages also recently commented on LINE. Robert W. Baird reaffirmed a “neutral” rating and set a $39.00 price target (down from $45.00) on shares of Lineage in a research report on Thursday, December 18th. Scotiabank raised their price target on Lineage from $37.00 to $39.00 and gave the company a “sector perform” rating in a research report on Friday, January 9th. Morgan Stanley reduced their price target on Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 16th. Mizuho decreased their target price on Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $42.53.

Lineage Trading Down 1.6%

Shares of LINE stock traded down $0.66 during mid-day trading on Monday, reaching $39.86. 146,455 shares of the stock traded hands, compared to its average volume of 1,512,743. Lineage has a 1-year low of $32.46 and a 1-year high of $62.30. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. The company has a market cap of $9.10 billion, a price-to-earnings ratio of -92.77 and a beta of -0.43. The stock’s fifty day simple moving average is $36.68 and its two-hundred day simple moving average is $37.81.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate that Lineage will post 2.34 EPS for the current fiscal year.

Institutional Trading of Lineage

Institutional investors and hedge funds have recently modified their holdings of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Lineage by 58.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock worth $2,937,000 after buying an additional 27,905 shares during the period. Rockefeller Capital Management L.P. grew its stake in Lineage by 110.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 22,927 shares of the company’s stock valued at $998,000 after purchasing an additional 12,021 shares during the last quarter. Corient Private Wealth LLC raised its position in Lineage by 590.5% during the 2nd quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock worth $3,859,000 after buying an additional 75,838 shares during the last quarter. SCP Investment LP raised its holdings in shares of Lineage by 113.3% during the third quarter. SCP Investment LP now owns 480,000 shares of the company’s stock worth $18,547,000 after purchasing an additional 255,000 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Lineage in the 3rd quarter valued at about $43,804,000.

About Lineage

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.