Lineage (NASDAQ:LINE) Price Target Raised to $44.00

Lineage (NASDAQ:LINE) had its price objective hoisted by Royal Bank Of Canada from $42.00 to $44.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently issued reports on LINE. Evercore reduced their target price on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a research note on Monday, November 10th. Barclays reaffirmed a “positive” rating on shares of Lineage in a research note on Wednesday, February 4th. Zacks Research cut shares of Lineage from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. UBS Group cut their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Finally, The Goldman Sachs Group decreased their price target on Lineage from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $43.00.

Lineage Stock Up 1.4%

Shares of Lineage stock opened at $40.54 on Monday. Lineage has a 12-month low of $32.46 and a 12-month high of $62.30. The firm has a market capitalization of $9.25 billion, a PE ratio of -94.28 and a beta of -0.42. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. The stock’s fifty day moving average is $37.02 and its 200-day moving average is $37.83.

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

Lineage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, December 31st were given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Wednesday, December 31st. Lineage’s dividend payout ratio (DPR) is -490.70%.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Lineage by 82.2% in the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing 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 third quarter. Public Employees Retirement System of Ohio now owns 22,626 shares of the company’s stock valued at $874,000 after buying an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position 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 in the last quarter. Allworth Financial LP lifted its position in Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares in the last quarter. Finally, Strs Ohio grew its holdings in Lineage by 0.5% during the 2nd quarter. Strs Ohio now owns 98,088 shares of the company’s stock worth $4,269,000 after acquiring an additional 488 shares during 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.