Brokerages Set Lineage, Inc. (NASDAQ:LINE) PT at $42.25

Lineage, Inc. (NASDAQ:LINE) has received a consensus recommendation of “Hold” from the eighteen analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $42.9375.

A number of equities analysts have recently issued reports on LINE shares. Truist Financial raised their price target on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Evercore set a $44.00 target price on Lineage in a report on Monday, June 8th. Scotiabank reissued a “sector perform” rating and issued a $45.00 target price on shares of Lineage in a research report on Thursday, June 18th. Wall Street Zen upgraded Lineage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, May 19th. Finally, Barclays increased their price objective on shares of Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th.

Lineage Stock Performance

Shares of LINE stock opened at $41.42 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 0.82. Lineage has a 12-month low of $31.33 and a 12-month high of $45.75. The stock has a market capitalization of $9.43 billion, a P/E ratio of -66.81 and a beta of 0.85. The firm’s 50 day moving average is $42.74 and its 200 day moving average is $38.92.

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

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, June 30th were given a dividend of $0.5325 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.13 annualized dividend and a yield of 5.1%. Lineage’s payout ratio is -343.55%.

Institutional Investors Weigh In On Lineage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in shares of Lineage by 172.7% during the 1st quarter. Parallel Advisors LLC now owns 1,650 shares of the company’s stock valued at $54,000 after purchasing an additional 1,045 shares during the period. Essential Partners LLC lifted its stake in shares of Lineage by 80.8% during the 1st quarter. Essential Partners LLC now owns 2,933 shares of the company’s stock valued at $96,000 after buying an additional 1,311 shares in the last quarter. Bank of America Corp DE boosted its holdings in Lineage by 712.1% in the 1st quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock worth $118,268,000 after buying an additional 3,165,593 shares during the period. Janus Henderson Group PLC boosted its holdings in Lineage by 24.0% in the 1st quarter. Janus Henderson Group PLC now owns 34,078 shares of the company’s stock worth $1,116,000 after buying an additional 6,600 shares during the period. Finally, Bull Harbor Capital LLC purchased a new stake in Lineage in the 1st quarter worth $234,000.

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.