Lineage (NASDAQ:LINE) Upgraded at Zacks Research

Lineage (NASDAQ:LINE) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Truist Financial boosted their price objective on shares of Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group lowered their target price on shares of Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research note on Monday, December 29th. Piper Sandler raised their price objective on Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. Finally, UBS Group lowered their price objective on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Four 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $43.00.

Lineage Price Performance

LINE opened at $39.16 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The company has a market cap of $8.89 billion, a price-to-earnings ratio of -91.07 and a beta of -0.42. The stock has a fifty day simple moving average of $37.40 and a two-hundred day simple moving average of $37.81. Lineage has a 12-month low of $32.46 and a 12-month high of $61.01.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Research analysts predict that Lineage will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lineage

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Lineage during the 2nd quarter valued at $606,642,000. Darlington Partners Capital Management LP lifted its holdings in shares of Lineage by 45.5% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after acquiring an additional 1,605,810 shares during the last quarter. Morgan Stanley boosted its stake in shares of Lineage by 378.6% during the 4th 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 during the period. Capital Research Global Investors grew its holdings in Lineage by 4.0% during the 3rd quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock valued at $121,830,000 after purchasing an additional 120,616 shares during the last quarter. Finally, State Street Corp raised its position in Lineage by 8.9% in the 2nd quarter. State Street Corp now owns 1,780,270 shares of the company’s stock worth $78,402,000 after purchasing an additional 145,742 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.