Lineage (NASDAQ:LINE) Price Target Raised to $42.00 at Citigroup

Lineage (NASDAQ:LINE) had its target price raised by stock analysts at Citigroup from $38.00 to $42.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 4.14% from the company’s previous close.

Several other research firms have also recently issued reports on LINE. Morgan Stanley cut their target price on Lineage from $46.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 16th. Evercore reduced their price objective on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, November 10th. Piper Sandler raised their price target on Lineage from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Barclays restated a “positive” rating on shares of Lineage in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Lineage in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $42.76.

Lineage Stock Performance

LINE stock traded down $0.19 during trading on Monday, reaching $40.33. The company had a trading volume of 327,857 shares, compared to its average volume of 1,517,809. The company has a market cap of $9.21 billion, a price-to-earnings ratio of -94.08 and a beta of -0.43. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80. Lineage has a twelve month low of $32.46 and a twelve month high of $62.30. The firm has a 50-day simple moving average of $36.68 and a 200-day simple moving average of $37.81.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share (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 business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $0.83 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts expect that Lineage will post 2.34 earnings per share for the current year.

Institutional Trading of Lineage

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake 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 acquiring an additional 300 shares during the period. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 362 shares during the period. Rothschild Investment LLC boosted its stake in shares of 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 last quarter. Caitlin John LLC acquired a new stake in Lineage in the third quarter worth $31,000. Finally, Allworth Financial LP raised its position in shares of Lineage by 426.4% during the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after purchasing an additional 614 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.