The Goldman Sachs Group Raises Lineage (NASDAQ:LINE) Price Target to $51.00

Lineage (NASDAQ:LINE) had its target price increased by equities research analysts at The Goldman Sachs Group from $46.00 to $51.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 45.18% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Royal Bank Of Canada lifted their price objective on Lineage from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, March 2nd. Morgan Stanley decreased their price objective on Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 16th. Robert W. Baird reiterated a “neutral” rating and set a $39.00 target price (down from $45.00) on shares of Lineage in a research report on Thursday, December 18th. Finally, Wells Fargo & Company raised their target price on shares of Lineage from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Lineage has a consensus rating of “Hold” and a consensus target price of $43.72.

Lineage Stock Performance

Shares of NASDAQ LINE opened at $35.13 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80. The company has a market cap of $7.98 billion, a P/E ratio of -81.70 and a beta of -0.42. The firm’s fifty day moving average is $37.66 and its two-hundred day moving average is $37.60. Lineage has a 52-week low of $32.46 and a 52-week high of $60.79.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.70). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $0.83 EPS. As a group, analysts anticipate that Lineage will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Kevin Patrick Marchetti acquired 13,300 shares of Lineage stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $37.50 per share, with a total value of $498,750.00. Following the transaction, the chairman directly owned 113,690 shares of the company’s stock, valued at $4,263,375. This trade represents a 13.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in Lineage by 82.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Lineage by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock valued at $874,000 after purchasing an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares during the period. Allworth Financial LP boosted its stake in shares of Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after purchasing an additional 485 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Lineage by 33.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,005 shares of the company’s stock valued at $70,000 after buying an additional 502 shares during the period.

About Lineage

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.