Shares of Lineage, Inc. (NASDAQ:LINE - Get Free Report) have been given an average rating of "Moderate Buy" by the seventeen analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $90.75.
Several equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Lineage from $94.00 to $81.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group reduced their price target on shares of Lineage from $104.00 to $89.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Robert W. Baird cut their target price 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. Bank of America initiated coverage on Lineage in a report on Monday, August 19th. They issued a "buy" rating and a $100.00 target price on the stock. Finally, Baird R W upgraded Lineage to a "strong-buy" rating in a research report on Monday, August 19th.
Check Out Our Latest Research Report on Lineage
NASDAQ:LINE opened at $64.57 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage has a 12-month low of $62.50 and a 12-month high of $89.85. The business has a 50-day simple moving average of $73.68.
Lineage (NASDAQ:LINE - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion during 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 company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, equities analysts anticipate that Lineage will post 3 EPS for the current year.
The firm also recently announced a -- dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp acquired a new position in Lineage in the third quarter valued at about $833,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Lineage in the 3rd quarter valued at approximately $23,893,000. Nicola Wealth Management LTD. bought a new position in Lineage during the 3rd quarter worth approximately $658,000. abrdn plc acquired a new position in Lineage during the third quarter valued at approximately $1,000,000. Finally, Baillie Gifford & Co. bought a new stake in Lineage in the third quarter valued at approximately $134,351,000.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Lineage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lineage wasn't on the list.
While Lineage currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.