Analysts Set Lineage, Inc. (NASDAQ:LINE) Target Price at $42.25

Shares of Lineage, Inc. (NASDAQ:LINE) have earned a consensus recommendation of “Hold” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.9375.

LINE has been the subject of several recent analyst reports. Scotiabank reissued a “sector perform” rating and issued a $45.00 price target on shares of Lineage in a research note on Thursday, June 18th. Wells Fargo & Company reduced their price objective on shares of Lineage from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays increased their target price on shares of Lineage from $34.00 to $35.00 and gave the company an “underweight” rating in a research report on Friday, May 15th. Piper Sandler boosted their price target on shares of Lineage from $35.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, UBS Group boosted their target price on Lineage from $35.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, July 17th.

Hedge Funds Weigh In On Lineage

Several large investors have recently made changes to their positions in LINE. Norges Bank acquired a new position in shares of Lineage in the 4th quarter worth $482,255,000. Morgan Stanley boosted its position in shares of Lineage by 378.6% in the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after purchasing an additional 3,968,958 shares during the period. Bank of America Corp DE increased its stake in Lineage by 712.1% in the 1st quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock worth $118,268,000 after purchasing an additional 3,165,593 shares in the last quarter. Darlington Partners Capital Management LP increased its stake in Lineage by 45.5% in the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after purchasing an additional 1,605,810 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock worth $46,273,000 after buying an additional 1,149,686 shares during the period.

Lineage Trading Down 0.3%

Lineage stock opened at $43.19 on Monday. Lineage has a 52-week low of $31.33 and a 52-week high of $45.75. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -69.66 and a beta of 0.85. The firm has a 50-day moving average price of $42.65 and a two-hundred day moving average price of $38.84.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up .4% on a year-over-year basis. Sell-side analysts expect that Lineage will post 2.44 earnings per share for the current year.

Lineage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were issued a dividend of $0.5325 per share. This represents a $2.13 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Lineage’s payout ratio is presently -343.55%.

About Lineage

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.