The Goldman Sachs Group Issues Positive Forecast for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE) had its price objective increased by equities research analysts at The Goldman Sachs Group from $46.00 to $51.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 42.87% from the company’s current price.

LINE has been the topic of a number of other research reports. Truist Financial increased their price objective on shares of Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Piper Sandler raised their price target on shares of Lineage from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Citigroup boosted their price objective on Lineage from $38.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Compass Point initiated coverage on Lineage in a research note on Wednesday. They set a “buy” rating and a $47.00 target price on the stock. Finally, UBS Group lowered their price target on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Lineage currently has an average rating of “Hold” and an average price target of $43.72.

Lineage Stock Performance

Shares of NASDAQ LINE traded down $1.05 during mid-day trading on Friday, hitting $35.70. The company had a trading volume of 454,318 shares, compared to its average volume of 1,412,131. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of -83.37 and a beta of -0.42. Lineage has a 12 month low of $32.46 and a 12 month high of $60.79. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. The firm’s 50 day simple moving average is $37.69 and its two-hundred day simple moving average is $37.67.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. Lineage’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that Lineage will post 2.34 earnings per share for the current year.

Insider Buying and Selling

In other Lineage news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was bought at an average cost of $37.50 per share, with a total value of $498,750.00. Following the acquisition, the chairman owned 113,690 shares of the company’s stock, valued at $4,263,375. The trade was a 13.25% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 71.90% of the company’s stock.

Institutional Trading of Lineage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Lineage by 1.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after acquiring an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after purchasing an additional 485 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lineage by 33.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock valued at $70,000 after purchasing an additional 502 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.