Shares of Line Corp (NYSE:LN) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $54.28 for the company, according to Zacks. Zacks has also assigned Line Corp an industry rank of 81 out of 265 based on the ratings given to related companies.
Several research firms recently commented on LN. Jefferies Group restated a “hold” rating on shares of Line Corp in a research report on Thursday, September 8th. Morgan Stanley began coverage on shares of Line Corp in a research report on Monday, August 8th. They set an “overweight” rating on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Line Corp in a research report on Wednesday, August 24th. They set a “neutral” rating on the stock.
Shares of Line Corp (NYSE:LN) traded down 1.94% during mid-day trading on Friday, hitting $44.95. 714,785 shares of the stock traded hands. The firm has a 50 day moving average of $45.25 and a 200 day moving average of $43.25. Line Corp has a 12 month low of $36.01 and a 12 month high of $51.48. The company has a market cap of $9.46 billion and a P/E ratio of 2996.67.
An institutional investor recently bought a new position in Line Corp stock. First American Bank purchased a new stake in shares of Line Corp (NYSE:LN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,015 shares of the company’s stock, valued at approximately $291,000.
Line Corp Company Profile
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
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