Lineage (NASDAQ:LINE) Coverage Initiated by Analysts at BNP Paribas

Research analysts at BNP Paribas initiated coverage on shares of Lineage (NASDAQ:LINE) in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a “neutral” rating and a $61.00 price target on the stock. BNP Paribas’ target price would indicate a potential upside of 9.71% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Capital One Financial initiated coverage on Lineage in a report on Monday, September 16th. They set an “overweight” rating and a $91.00 target price for the company. Scotiabank lowered their target price on Lineage from $94.00 to $76.00 and set a “sector outperform” rating for the company in a report on Tuesday, December 10th. The Goldman Sachs Group lowered their target price on Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Mizuho lowered their target price on Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird lowered their target price on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Lineage has a consensus rating of “Moderate Buy” and an average target price of $85.76.

Lineage Stock Up 0.2 %

Shares of Lineage stock opened at $55.60 on Tuesday. Lineage has a 12 month low of $54.67 and a 12 month high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The business’s fifty day simple moving average is $62.16.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. As a group, research analysts anticipate that Lineage will post 3 earnings per share for the current year.

Hedge Funds Weigh In On Lineage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oak Thistle LLC bought a new position in Lineage during the fourth quarter worth about $391,000. GAMMA Investing LLC grew its holdings in Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 448 shares during the period. JPMorgan Chase & Co. acquired a new stake in Lineage during the third quarter worth approximately $12,542,000. Principal Financial Group Inc. acquired a new stake in Lineage during the third quarter worth approximately $173,115,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Lineage during the third quarter worth approximately $7,804,000.

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.