Piper Sandler Lowers Lineage (NASDAQ:LINE) Price Target to $35.00

Lineage (NASDAQ:LINE) had its price objective decreased by equities researchers at Piper Sandler from $43.00 to $35.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 6.29% from the company’s current price.

Other research analysts have also issued reports about the stock. Morgan Stanley dropped their price target on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 16th. Zacks Research upgraded Lineage from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Truist Financial increased their target price on Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada lifted their price target on Lineage from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, Scotiabank increased their price objective on Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Lineage currently has a consensus rating of “Hold” and an average target price of $43.28.

Lineage Price Performance

Lineage stock opened at $32.93 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71. The business has a 50 day simple moving average of $37.18 and a 200-day simple moving average of $37.14. Lineage has a 12 month low of $31.33 and a 12 month high of $58.86. The stock has a market capitalization of $7.48 billion, a PE ratio of -76.58 and a beta of 0.10.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share 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 analysts’ expectations of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. Equities analysts predict that Lineage will post 2.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Kevin Patrick Marchetti bought 13,300 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $37.50 per share, with a total value of $498,750.00. Following the purchase, the chairman owned 113,690 shares of the company’s stock, valued at $4,263,375. This trade represents a 13.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in shares of Lineage by 82.2% in 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 last quarter. EverSource Wealth Advisors LLC grew its stake in Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the period. Rothschild Investment LLC grew its stake in Lineage by 575.2% in the 4th quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the period. Caitlin John LLC acquired a new position in Lineage in the 3rd quarter valued at $31,000. Finally, Allworth Financial LP lifted its stake in shares of Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after purchasing an additional 485 shares during the period.

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.