Lineage (NASDAQ:LINE) Price Target Raised to $42.00

by · The Cerbat Gem

Lineage (NASDAQ:LINE – Free Report) had its price objective raised by Citigroup from $38.00 to $42.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

LINE has been the subject of several other research reports. The Goldman Sachs Group dropped their price target on shares of Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Scotiabank raised their target price on Lineage from $37.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Friday, January 9th. Evercore reduced their price target on Lineage from $44.00 to $38.00 and set an “in-line” rating on the stock in a research report on Monday, November 10th. Wall Street Zen cut Lineage from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $43.00.

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Lineage Stock Performance

Shares of LINE stock opened at $40.54 on Monday. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of -94.28 and a beta of -0.42. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average price is $37.02 and its 200-day moving average price is $37.83. Lineage has a 12 month low of $32.46 and a 12 month high of $62.30.

Lineage (NASDAQ:LINE – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $0.83 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that Lineage will post 2.34 EPS for the current year.

Lineage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were paid a dividend of $0.5275 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 annualized dividend and a yield of 5.2%. Lineage’s dividend payout ratio (DPR) is currently -490.70%.

Institutional Trading of Lineage

Several large investors have recently modified their holdings of LINE. Royal Bank of Canada increased its stake in shares of Lineage by 15.2% in the 1st quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock valued at $290,000 after acquiring an additional 653 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Lineage in the first quarter worth $886,000. Millennium Management LLC increased its stake in Lineage by 197.0% in the first quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock valued at $16,916,000 after purchasing an additional 191,362 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Lineage by 661.2% in the second quarter. Envestnet Asset Management Inc. now owns 124,357 shares of the company’s stock valued at $5,412,000 after purchasing an additional 108,020 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of Lineage during the second quarter valued at about $933,000.

About Lineage

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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.

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