Lineage, Inc. (NASDAQ:LINE) Receives $42.06 Average Target Price from Brokerages

Lineage, Inc. (NASDAQ:LINE) has received a consensus rating of “Reduce” from the nineteen ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.0588.

LINE has been the subject of several research reports. Royal Bank Of Canada decreased their target price on Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. UBS Group decreased their price objective on shares of Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Truist Financial set a $40.00 target price on shares of Lineage in a research note on Monday, December 22nd. JPMorgan Chase & Co. reduced their price target on shares of Lineage from $43.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, November 14th. Finally, Barclays reaffirmed a “positive” rating on shares of Lineage in a report on Wednesday, February 4th.

Lineage Stock Down 1.8%

Shares of Lineage stock opened at $38.30 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The firm has a market cap of $8.74 billion, a P/E ratio of -48.48 and a beta of -0.19. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $62.30. The business has a 50-day moving average price of $36.21 and a 200 day moving average price of $37.87.

Lineage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.5275 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 5.5%. Lineage’s dividend payout ratio is -267.09%.

Institutional Trading of Lineage

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its stake in Lineage by 172.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after buying an additional 362 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after acquiring an additional 300 shares during the period. Rothschild Investment LLC grew its position in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the last quarter. Allworth Financial LP grew its position in shares of Lineage by 426.4% during the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after acquiring an additional 614 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in shares of Lineage in the 3rd quarter worth about $31,000.

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.