Lineage (NASDAQ:LINE) Stock Price Expected to Rise, UBS Group Analyst Says

by · The Cerbat Gem

Lineage (NASDAQ:LINE – Get Free Report) had its target price lifted by UBS Group from $35.00 to $45.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 1.65% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Barclays boosted their price objective on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. The Goldman Sachs Group raised their price objective on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Lineage in a report on Wednesday, June 24th. Wall Street Zen raised Lineage from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company cut their target price on Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lineage presently has a consensus rating of “Hold” and a consensus target price of $42.25.

Get Our Latest Research Report on Lineage

Lineage Stock Performance

Lineage stock opened at $44.27 on Friday. The company’s 50-day moving average price is $42.32 and its 200-day moving average price is $38.59. Lineage has a twelve month low of $31.33 and a twelve month high of $45.75. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The company has a market cap of $10.08 billion, a PE ratio of -71.40 and a beta of 0.85.

Lineage (NASDAQ:LINE – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $1.01. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company earned $0.86 EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts forecast that Lineage will post 2.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Lineage

Institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Lineage in the fourth quarter worth about $482,255,000. Morgan Stanley increased its holdings in Lineage by 378.6% during the fourth quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock valued at $175,607,000 after buying an additional 3,968,958 shares during the period. Bank of America Corp DE raised its stake in Lineage by 712.1% in the first 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 in the last quarter. Darlington Partners Capital Management LP lifted its holdings in Lineage by 45.5% during the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after buying an additional 1,605,810 shares during the period. Finally, AQR Capital Management LLC boosted its position in Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock valued at $46,273,000 after acquiring an additional 1,149,686 shares in the last quarter.

Lineage Company Profile

(Get Free Report)

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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