Lineage (NASDAQ:LINE) Price Target Lowered to $81.00 at Royal Bank of Canada

Lineage (NASDAQ:LINE) had its target price cut by equities research analysts at Royal Bank of Canada from $94.00 to $81.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 23.72% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Truist Financial assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $94.00 target price on the stock. Baird R W upgraded shares of Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Capital One Financial assumed coverage on shares of Lineage in a research report on Monday, September 16th. They issued an “overweight” rating and a $91.00 price target on the stock. Morgan Stanley started coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “overweight” rating and a $100.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lineage in a research note on Monday, August 19th. They set a “hold” rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Lineage currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.69.

Lineage Stock Down 0.2 %

Shares of Lineage stock traded down $0.14 during trading on Wednesday, hitting $65.47. The company’s stock had a trading volume of 49,768 shares, compared to its average volume of 1,406,577. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. Lineage has a 52 week low of $65.33 and a 52 week high of $89.85. The business’s fifty day moving average price is $77.02.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. As a group, sell-side analysts anticipate that Lineage will post 3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lineage

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE acquired a new stake in Lineage in the 3rd quarter valued at $25,000. Larson Financial Group LLC purchased a new position in Lineage in the 3rd quarter valued at $34,000. Spirit of America Management Corp NY purchased a new position in Lineage in the 3rd quarter valued at $165,000. Amalgamated Bank purchased a new position in Lineage in the 3rd quarter valued at $255,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Lineage in the 3rd quarter valued at $312,000.

Lineage Company Profile

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.