Robert W. Baird Lowers Lineage (NASDAQ:LINE) Price Target to $70.00

Lineage (NASDAQ:LINE) had its target price lowered by equities research analysts at Robert W. Baird from $76.00 to $70.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 19.15% from the company’s previous close.

A number of other analysts have also weighed in on the stock. BNP Paribas began coverage on shares of Lineage in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $61.00 price target for the company. Scotiabank reduced their price target on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating for the company in a research note on Monday, February 3rd. Mizuho reduced their price target on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered shares of Lineage from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Finally, Evercore ISI reduced 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. Seven equities research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.41.

Lineage Price Performance

NASDAQ:LINE opened at $58.75 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average is $57.66 and its 200 day moving average is $68.64. Lineage has a 12 month low of $52.75 and a 12 month high of $89.85.

Institutional Investors Weigh In On Lineage

Large investors have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Lineage during the third quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 448 shares during the period. FIL Ltd purchased a new position in Lineage during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC purchased a new position in Lineage during the third quarter valued at approximately $34,000. Finally, Quarry LP purchased a new position in Lineage during the fourth quarter valued at approximately $50,000.

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.