Lineage (NASDAQ:LINE) Given New $37.00 Price Target at Piper Sandler

Lineage (NASDAQ:LINE) had its price target increased by equities researchers at Piper Sandler from $36.00 to $37.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler‘s target price suggests a potential upside of 5.93% from the company’s current price.

Other research analysts have also issued reports about the company. Mizuho raised Lineage from a “neutral” rating to an “outperform” rating and upped their price target for the company from $40.00 to $47.00 in a research report on Tuesday, July 28th. Wells Fargo & Company raised their price objective on Lineage from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Scotiabank decreased their price objective on Lineage from $44.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, October 2nd. UBS Group lowered their target price on Lineage from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Lineage in a report on Tuesday, November 3rd. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.80.

Lineage Price Performance

LINE opened at $34.93 on Friday. The stock has a fifty day moving average of $36.05 and a 200-day moving average of $38.74. The firm has a market capitalization of $7.95 billion, a P/E ratio of 87.32 and a beta of 0.79. Lineage has a 12-month low of $31.33 and a 12-month high of $45.75. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 0.93.

Insider Activity at Lineage

In related news, Chairman Kevin Marchetti purchased 25,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average cost of $39.50 per share, with a total value of $987,500.00. Following the completion of the purchase, the chairman owned 138,690 shares of the company’s stock, valued at $5,478,255. The trade was a 21.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 71.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Lineage

Institutional investors have recently bought and sold shares of the company. Paralel Advisors LLC acquired a new position in Lineage in the 2nd quarter worth about $26,000. Global Retirement Partners LLC purchased a new stake in shares of Lineage during the 2nd quarter worth about $48,000. Root Financial Partners LLC acquired a new stake in shares of Lineage during the 3rd quarter valued at about $49,000. Parallel Advisors LLC lifted its holdings in shares of Lineage by 172.7% during the 1st quarter. Parallel Advisors LLC now owns 1,650 shares of the company’s stock valued at $54,000 after buying an additional 1,045 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of Lineage during the 2nd quarter valued at about $83,000.

Lineage Company Profile

Lineage, Inc. is a global temperature-controlled warehousing and logistics company. It operates refrigerated and frozen storage facilities that help food producers, retailers, and other customers manage products that require controlled temperatures. Its services include cold storage, food processing and handling, blast freezing, transportation, and other supply-chain solutions. By connecting warehouses with transportation and distribution networks, Lineage supports the movement of perishable goods from producers to consumers.