Capital One Financial Begins Coverage on Lineage (NASDAQ:LINE)

Equities research analysts at Capital One Financial started coverage on shares of Lineage (NASDAQ:LINE) in a report released on Monday, Briefing.com reports. The brokerage set an “overweight” rating and a $91.00 price target on the stock. Capital One Financial‘s price target points to a potential upside of 9.31% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 target price on shares of Lineage in a report on Tuesday, September 3rd. Evercore ISI increased their price objective on shares of Lineage from $88.00 to $90.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft began coverage on shares of Lineage in a research note on Monday, August 19th. They issued a “hold” rating and a $90.00 price objective for the company. Morgan Stanley initiated coverage on Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $100.00 target price on the stock. Finally, KeyCorp assumed coverage on Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $92.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.63.

Lineage Stock Performance

Shares of Lineage stock opened at $83.25 on Monday. The firm has a market cap of $18.96 billion and a PE ratio of -6.09. Lineage has a 12 month low of $80.03 and a 12 month high of $89.85.

Insider Buying and Selling at Lineage

In related news, CFO Robert Crisci acquired 10,000 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $780,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Lineage news, insider Jeffrey Alvarez Rivera purchased 600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the acquisition, the insider now owns 5,406 shares in the company, valued at $421,668. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Crisci purchased 10,000 shares of Lineage stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, with a total value of $780,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $780,000. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,150 shares of company stock worth $947,700. 1.40% of the stock is owned by corporate insiders.

Lineage Company Profile

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.