UBS Group Boosts Lineage (NASDAQ:LINE) Price Target to $45.00

Lineage (NASDAQ:LINE) had its target price raised by stock analysts at UBS Group from $35.00 to $45.00 in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 0.92% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Evercore set a $44.00 price target on Lineage in a research note on Monday, June 8th. Truist Financial increased their price objective on Lineage from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group raised their target price on Lineage from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research report on Wednesday, June 24th. Finally, Morgan Stanley upped their price target on Lineage from $39.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lineage has an average rating of “Hold” and an average price target of $42.25.

Lineage Stock Performance

NASDAQ LINE opened at $44.59 on Friday. The company has a market cap of $10.15 billion, a P/E ratio of -71.92 and a beta of 0.85. The company has a fifty day simple moving average of $42.41 and a 200 day simple moving average of $38.64. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 0.82. Lineage has a 12-month low of $31.33 and a 12-month high of $45.75.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $1.01. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative net margin of 2.72% and a negative return on equity of 1.56%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Sell-side analysts predict that Lineage will post 2.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lineage

Several institutional investors have recently modified their holdings of LINE. EverSource Wealth Advisors LLC lifted its holdings in Lineage by 172.4% during the second 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 valued at $26,000 after purchasing an additional 627 shares during the period. Allworth Financial LP grew its stake 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 purchasing an additional 485 shares during the period. Aew Capital Management L P purchased a new stake in shares of Lineage during the 4th quarter valued at $42,000. Finally, Caitlin John LLC increased its position in shares of Lineage by 88.4% during the 4th quarter. Caitlin John LLC now owns 1,507 shares of the company’s stock valued at $53,000 after purchasing an additional 707 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.