Lineage (NASDAQ:LINE) Price Target Raised to $45.00

Lineage (NASDAQ:LINE) had its target price increased by UBS Group from $35.00 to $45.00 in a research note issued to investors on Friday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

A number of other research analysts have also commented on the stock. Evercore set a $44.00 price objective on shares of Lineage in a research note on Monday, June 8th. Scotiabank reissued a “sector perform” rating and issued a $45.00 target price on shares of Lineage in a report on Thursday, June 18th. Barclays boosted their price target on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Piper Sandler lowered their price objective on shares of Lineage from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a research report on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.25.

Lineage Price Performance

LINE stock opened at $44.59 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $42.41 and its two-hundred day moving average is $38.67. The stock has a market cap of $10.15 billion, a P/E ratio of -71.92 and a beta of 0.85. Lineage has a twelve month low of $31.33 and a twelve month high of $45.75.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.86 EPS. Lineage’s revenue for the quarter was up .4% compared to the same quarter last year. Research analysts expect that Lineage will post 2.44 earnings per share for the current fiscal year.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.5325 per share. This represents a $2.13 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, June 30th. Lineage’s payout ratio is currently -343.55%.

Institutional Investors Weigh In On Lineage

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 362 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after purchasing an additional 627 shares in the last quarter. Allworth Financial LP lifted its holdings in Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the last quarter. Aew Capital Management L P bought a new position in Lineage during the fourth quarter worth $42,000. Finally, Caitlin John LLC lifted its position in shares of Lineage by 88.4% in the 4th quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock worth $53,000 after buying an additional 707 shares during the last quarter.

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.