Lineage (NASDAQ:LINE) Given New $44.00 Price Target at Truist Financial

Lineage (NASDAQ:LINE) had its target price increased by equities research analysts at Truist Financial from $41.00 to $44.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 10.64% from the company’s current price.

LINE has been the subject of several other reports. Wells Fargo & Company boosted their price target on Lineage from $32.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday. Scotiabank increased their price objective 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. Zacks Research lowered shares of Lineage from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Wall Street Zen cut Lineage from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, The Goldman Sachs Group lowered their price objective on shares of Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $43.00.

Lineage Stock Performance

Shares of Lineage stock traded down $0.22 during trading on Wednesday, reaching $39.77. The company’s stock had a trading volume of 124,736 shares, compared to its average volume of 1,484,172. Lineage has a fifty-two week low of $32.46 and a fifty-two week 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. The firm has a market cap of $9.08 billion, a PE ratio of -92.49 and a beta of -0.42. The company has a 50-day moving average price of $36.91 and a two-hundred day moving average price of $37.81.

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

Institutional Trading of Lineage

Several institutional investors and hedge funds have recently bought and sold shares of LINE. Jones Financial Companies Lllp raised its position in 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 buying an additional 300 shares during the period. Public Employees Retirement System of Ohio increased its position in Lineage by 1.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock worth $874,000 after buying an additional 350 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% during 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 during the last quarter. Allworth Financial LP increased its holdings in Lineage by 106.6% in the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after buying an additional 485 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted 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 purchasing an additional 502 shares in the last quarter.

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.