Lineage, Inc. (NASDAQ:LINE) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Lineage, Inc. (NASDAQ:LINE) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $90.75.

Several equities analysts recently weighed in on the stock. Mizuho started coverage on shares of Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $86.00 price target for the company. Evercore ISI decreased their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on Lineage in a research note on Monday, August 19th. They issued a “hold” rating and a $90.00 price objective on the stock. Truist Financial started coverage on Lineage in a research report on Monday, August 19th. They issued a “buy” rating and a $94.00 target price for the company. Finally, Wells Fargo & Company upped their price target on Lineage from $86.00 to $89.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th.

Lineage Trading Down 1.2 %

NASDAQ:LINE opened at $62.57 on Wednesday. Lineage has a 52 week low of $62.43 and a 52 week high of $89.85. The company has a 50-day moving average price of $71.91. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities analysts forecast that Lineage will post 3 earnings per share for the current year.

Lineage Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date was Monday, September 30th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE bought a new stake in Lineage during the third quarter valued at $25,000. Larson Financial Group LLC purchased a new stake in shares of Lineage in the 3rd quarter valued at about $34,000. Spirit of America Management Corp NY bought a new stake in shares of Lineage during the 3rd quarter valued at about $165,000. Stifel Financial Corp purchased a new position in shares of Lineage during the third quarter worth about $211,000. Finally, MetLife Investment Management LLC bought a new position in shares of Lineage in the third quarter worth approximately $226,000.

About Lineage

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.