Lineage, Inc. (NASDAQ:LINE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Lineage, Inc. (NASDAQ:LINE) have been assigned an average rating of “Moderate Buy” from the eighteen research firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $85.76.

A number of equities analysts recently weighed in on LINE shares. Mizuho cut their price target on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on shares of Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $78.00 to $75.00 in a report on Friday, December 20th. Royal Bank of Canada lowered their price objective on Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Scotiabank lowered their price objective on Lineage from $94.00 to $76.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th.

Lineage Stock Down 1.9 %

LINE opened at $54.35 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 fifty day moving average price is $61.47. Lineage has a 1 year low of $52.75 and a 1 year high of $89.85.

Lineage (NASDAQ:LINE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. Lineage’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. Sell-side analysts predict that Lineage will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.5275 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.88%.

Institutional Trading of Lineage

Large investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in shares of Lineage during the 3rd quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in shares of Lineage during the 3rd quarter valued at about $34,000. GAMMA Investing LLC raised its holdings in shares of Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 448 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in shares of Lineage during the 3rd quarter valued at about $165,000. Finally, Stifel Financial Corp purchased a new position in shares of Lineage during the 3rd quarter valued at about $211,000.

About Lineage

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.