Investment Analysts’ Weekly Ratings Changes for Lineage (LINE)

Lineage (NASDAQ: LINE) recently received a number of ratings updates from brokerages and research firms:

• 11/14/2024 – Lineage had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $104.00 to $89.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Lineage had its price target lowered by analysts at Royal Bank of Canada from $94.00 to $81.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Lineage had its price target lowered by analysts at Robert W. Baird from $91.00 to $85.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Lineage had its price target lowered by analysts at Evercore ISI from $88.00 to $78.00. They now have an “in-line” rating on the stock.
• 10/7/2024 – Lineage had its price target lowered by analysts at Evercore ISI from $90.00 to $88.00. They now have an “in-line” rating on the stock.

Lineage Stock Performance

Shares of NASDAQ:LINE opened at $64.10 on Monday. Lineage, Inc. has a 1 year low of $62.50 and a 1 year high of $89.85. The company’s 50 day simple moving average is $74.02. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, equities research analysts predict that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The company also recently declared a — dividend, which was paid on Monday, October 21st. Investors of record on Monday, September 30th were issued a $0.38 dividend. The ex-dividend date was Monday, September 30th.

Institutional Trading of Lineage

A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp bought a new position in Lineage in the third quarter worth approximately $833,000. Sequoia Financial Advisors LLC bought a new position in Lineage in the third quarter worth approximately $23,893,000. Nicola Wealth Management LTD. bought a new position in Lineage in the third quarter worth approximately $658,000. abrdn plc bought a new position in Lineage in the third quarter worth approximately $1,000,000. Finally, Baillie Gifford & Co. bought a new position in Lineage in the third quarter worth approximately $134,351,000.

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.