Piper Sandler Has Lowered Expectations for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE) had its price target cut by research analysts at Piper Sandler from $90.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 31.28% from the company’s current price.

Several other brokerages have also issued reports on LINE. JPMorgan Chase & Co. lowered Lineage from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $78.00 to $75.00 in a report on Friday, December 20th. Scotiabank lowered their target price on shares of Lineage from $76.00 to $73.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 3rd. Robert W. Baird reduced their price objective on Lineage from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Mizuho cut their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lineage presently has an average rating of “Moderate Buy” and a consensus target price of $83.29.

Lineage Trading Up 2.3 %

Shares of NASDAQ:LINE opened at $57.13 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The firm has a 50 day simple moving average of $57.66 and a 200-day simple moving average of $68.64. Lineage has a twelve month low of $52.75 and a twelve month high of $89.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE bought a new stake in shares of Lineage in the third quarter worth about $25,000. GAMMA Investing LLC increased its stake in Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after purchasing an additional 448 shares in the last quarter. FIL Ltd bought a new position in Lineage in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC acquired a new position in shares of Lineage in the third quarter valued at approximately $34,000. Finally, Quarry LP bought a new stake in shares of Lineage during the fourth quarter worth $50,000.

About Lineage

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.