Piper Sandler Forecasts Strong Price Appreciation for Lineage (NASDAQ:LINE) Stock

Lineage (NASDAQ:LINE) had its price target upped by research analysts at Piper Sandler from $41.00 to $43.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential upside of 6.12% from the stock’s current price.

Several other analysts have also commented on LINE. Mizuho decreased their price target on shares of Lineage from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Robert W. Baird reiterated a “neutral” rating and set a $39.00 price objective (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. Scotiabank increased 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. Wells Fargo & Company cut their price target on shares of Lineage from $43.00 to $32.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 25th. Finally, Citigroup reduced their price target on Lineage from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $42.18.

Lineage Stock Down 1.1%

Lineage stock opened at $40.52 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 $9.25 billion, a P/E ratio of -94.23 and a beta of -0.19. The business has a fifty day moving average of $36.68 and a two-hundred day moving average of $37.83. Lineage has a twelve month low of $32.46 and a twelve month high of $62.30.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.05%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, analysts forecast that Lineage will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lineage

Several institutional investors and hedge funds have recently made changes to their positions in LINE. Norges Bank purchased a new stake in shares of Lineage during the second quarter valued at $606,642,000. Morgan Stanley lifted its position in Lineage by 378.6% during the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after acquiring an additional 3,968,958 shares during the period. Darlington Partners Capital Management LP lifted its position in Lineage by 45.5% during the 3rd quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after acquiring an additional 1,605,810 shares during the period. AQR Capital Management LLC grew its stake in Lineage by 636.1% during the 4th quarter. AQR Capital Management LLC now owns 1,330,439 shares of the company’s stock valued at $46,273,000 after purchasing an additional 1,149,686 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Lineage in the third quarter valued at about $43,804,000.

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.