Lineage (NASDAQ:LINE) Lowered to “Sell” Rating by Wall Street Zen

Lineage (NASDAQ:LINE) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Other analysts have also issued reports about the company. Piper Sandler lifted their price objective on Lineage from $41.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore lowered their price target on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, November 10th. Truist Financial set a $40.00 price objective on shares of Lineage in a report on Monday, December 22nd. Mizuho lowered their target price on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Scotiabank upped their target price on shares of Lineage from $37.00 to $39.00 and gave the company a “sector perform” rating in a research report on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $42.18.

Lineage Price Performance

LINE opened at $40.52 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.99 and a quick ratio of 0.86. The company’s 50 day simple moving average is $36.68 and its 200-day simple moving average is $37.85. Lineage has a one year low of $32.46 and a one year high of $62.30. The stock has a market capitalization of $9.25 billion, a P/E ratio of -94.23 and a beta of -0.19.

Lineage (NASDAQ:LINE) last posted 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Lineage had a negative return on equity of 1.05% and a negative net margin of 1.87%.The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. Sell-side analysts anticipate that Lineage will post 2.34 earnings per share for the current fiscal year.

Institutional Trading of Lineage

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Lineage by 21.9% during the 4th quarter. Invesco Ltd. now owns 219,262 shares of the company’s stock worth $7,674,000 after buying an additional 39,442 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Lineage by 100.4% during the fourth quarter. Corient Private Wealth LLC now owns 172,229 shares of the company’s stock worth $6,028,000 after acquiring an additional 86,277 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Lineage during the fourth quarter worth $6,436,000. Mercer Global Advisors Inc. ADV bought a new stake in Lineage in the 4th quarter valued at $449,000. Finally, Caitlin John LLC boosted its stake in Lineage by 88.4% in the 4th quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock worth $53,000 after purchasing an additional 707 shares during the period.

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.