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

BNP Paribas initiated coverage on shares of Lineage (NASDAQ:LINE) in a report released 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 stock’s current price.

Several other research firms have also weighed in on LINE. 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. JPMorgan Chase & Co. lowered Lineage from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $78.00 to $75.00 in a research report on Friday, December 20th. The Goldman Sachs Group decreased their price target on Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Evercore ISI decreased their price target on Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. Finally, Robert W. Baird decreased their price target on Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Lineage has an average rating of “Moderate Buy” and an average price target of $85.76.

Lineage Trading Up 0.2 %

LINE stock opened at $55.60 on Tuesday. Lineage has a 1-year low of $54.67 and a 1-year high of $89.85. The firm has a 50 day moving average of $62.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of $0.78 by ($3.22). Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts forecast that Lineage will post 3 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LINE. SG Americas Securities LLC acquired a new position in shares of Lineage in the 3rd quarter valued at $658,000. Perpetual Ltd acquired a new position in shares of Lineage in the 3rd quarter valued at $324,000. Renaissance Capital LLC acquired a new position in shares of Lineage in the 3rd quarter valued at $5,209,000. Vontobel Holding Ltd. acquired a new position in shares of Lineage in the 3rd quarter valued at $1,026,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of Lineage in the 3rd quarter valued at $3,582,000.

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.