Truist Financial Forecasts Strong Price Appreciation for Lineage (NASDAQ:LINE) Stock

Lineage (NASDAQ:LINE) had its target price raised by analysts at Truist Financial from $41.00 to $44.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 8.72% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Robert W. Baird reissued a “neutral” rating and issued a $39.00 price objective (down from $45.00) on shares of Lineage in a report on Thursday, December 18th. Barclays reiterated a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. The Goldman Sachs Group reduced their target price on shares of Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Morgan Stanley lowered their price target on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 16th. Finally, Royal Bank Of Canada increased their price target on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $43.00.

Lineage Trading Down 0.2%

NASDAQ LINE opened at $40.47 on Wednesday. The company has a fifty day simple moving average of $37.14 and a two-hundred day simple moving average of $37.84. The stock has a market cap of $9.24 billion, a P/E ratio of -94.11 and a beta of -0.42. Lineage has a 12-month low of $32.46 and a 12-month high of $62.30. The company has a current ratio of 0.80, a quick ratio of 0.71 and a debt-to-equity ratio of 0.79.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $0.83 earnings per share. Lineage’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Lineage will post 2.34 earnings per share for the current year.

Institutional Investors Weigh In On Lineage

A number of institutional investors have recently modified their holdings of LINE. Jones Financial Companies Lllp raised its holdings in Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after buying an additional 362 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Lineage by 575.2% during the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the period. Caitlin John LLC purchased a new position in shares of Lineage during the 3rd quarter valued at approximately $31,000. Finally, Allworth Financial LP lifted its position in shares of Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after buying an additional 614 shares in the last quarter.

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.