Lineage (NASDAQ:LINE) Price Target Raised to $39.00

Lineage (NASDAQ:LINE) had its price objective raised by Wells Fargo & Company from $32.00 to $39.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also commented on LINE. The Goldman Sachs Group cut their price objective on Lineage from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Royal Bank Of Canada raised their target price on Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday. Zacks Research lowered Lineage from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 13th. UBS Group dropped their price objective on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Wall Street Zen cut shares of Lineage from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $43.00.

Lineage Trading Up 1.4%

NASDAQ LINE opened at $40.54 on Monday. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of -94.28 and a beta of -0.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80. Lineage has a one year low of $32.46 and a one year high of $62.30. The company’s 50 day moving average price is $37.02 and its 200 day moving average price is $37.83.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $0.83 EPS. Lineage’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts predict that Lineage will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were paid a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Wednesday, December 31st. Lineage’s dividend payout ratio is -490.70%.

Institutional Trading of Lineage

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 valued at $25,000 after acquiring an additional 362 shares during the last quarter. Rothschild Investment LLC raised its position in shares of Lineage by 575.2% during the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares in the last quarter. Caitlin John LLC bought a new position in Lineage during the third quarter worth $31,000. Finally, Allworth Financial LP boosted its holdings in Lineage by 426.4% in the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after purchasing an additional 614 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.