UBS Group Issues Positive Forecast for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE) had its target price upped by UBS Group from $35.00 to $45.00 in a research report sent to investors on Friday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

A number of other analysts have also issued reports on the company. Barclays lifted their price target on Lineage from $34.00 to $35.00 and gave the stock an “underweight” rating in a research note on Friday, May 15th. Evercore set a $44.00 price objective on Lineage in a report on Monday, June 8th. Wells Fargo & Company lowered their target price on shares of Lineage from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Truist Financial upped their target price on shares of Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Wall Street Zen upgraded shares of Lineage from a “strong sell” rating to a “sell” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.25.

Lineage Trading Up 0.7%

Shares of Lineage stock opened at $44.59 on Friday. The firm has a 50-day simple moving average of $42.41 and a two-hundred day simple moving average of $38.64. The company has a market cap of $10.15 billion, a P/E ratio of -71.92 and a beta of 0.85. Lineage has a fifty-two week low of $31.33 and a fifty-two week high of $45.75. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.86 earnings per share. Lineage’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts predict that Lineage will post 2.44 earnings per share for the current fiscal year.

Lineage Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, June 30th will be issued a $0.5325 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, June 30th. Lineage’s dividend payout ratio (DPR) is currently -343.55%.

Institutional Trading of Lineage

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Lineage by 11.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 926,149 shares of the company’s stock worth $32,415,000 after purchasing an additional 93,188 shares during the period. JPMorgan Chase & Co. grew its stake in Lineage by 839.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 139,702 shares of the company’s stock worth $5,398,000 after buying an additional 124,833 shares during the last quarter. Baldwin Wealth Partners LLC MA acquired a new stake in Lineage in the fourth quarter worth $1,442,000. SG Americas Securities LLC lifted its stake in Lineage by 3,910.9% in the fourth quarter. SG Americas Securities LLC now owns 261,871 shares of the company’s stock valued at $9,165,000 after buying an additional 255,342 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Lineage during the fourth quarter valued at $482,255,000.

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.