Lineage (NASDAQ:LINE) Now Covered by KeyCorp

KeyCorp initiated coverage on shares of Lineage (NASDAQ:LINE) in a report released on Monday morning, Marketbeat reports. The brokerage issued an overweight rating and a $92.00 price target on the stock. KeyCorp also issued estimates for Lineage’s Q2 2024 earnings at $0.72 EPS, Q3 2024 earnings at $0.87 EPS, Q4 2024 earnings at $0.84 EPS, FY2024 earnings at $3.24 EPS, Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $3.80 EPS.

Other analysts also recently issued research reports about the stock. Morgan Stanley assumed coverage on shares of Lineage in a report on Monday. They set an overweight rating and a $100.00 price target for the company. Bank of America initiated coverage on shares of Lineage in a research note on Monday. They issued a buy rating and a $100.00 price objective on the stock. Robert W. Baird began coverage on shares of Lineage in a research note on Monday. They set an outperform rating and a $91.00 target price on the stock. The Goldman Sachs Group began coverage on shares of Lineage in a research note on Monday. They issued a buy rating and a $105.00 price objective on the stock. Finally, Scotiabank began coverage on shares of Lineage in a research note on Monday. They issued a sector outperform rating and a $95.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $93.60.

Lineage Price Performance

NASDAQ LINE opened at $84.42 on Monday. Lineage has a 52-week low of $80.15 and a 52-week high of $89.85.

Insider Buying and Selling

In other Lineage news, insider Jeffrey Alvarez Rivera purchased 600 shares of Lineage stock in a transaction on Friday, July 26th. The stock was bought at an average cost of $78.00 per share, with a total value of $46,800.00. Following the transaction, the insider now owns 5,406 shares of the company’s stock, valued at approximately $421,668. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jeffrey Alvarez Rivera purchased 600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was bought at an average price of $78.00 per share, with a total value of $46,800.00. Following the acquisition, the insider now owns 5,406 shares in the company, valued at $421,668. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Crisci bought 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were acquired at an average cost of $78.00 per share, for a total transaction of $780,000.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $780,000. The disclosure for this purchase can be found here. Insiders purchased 12,150 shares of company stock worth $947,700 in the last three months. Corporate insiders own 1.40% of the company’s stock.

About Lineage

Our purpose is to transform the global food supply chain to eliminate waste and help feed the world. Built with the vision of creating a more sustainable future, we are a leading mission-critical, temperature-controlled infrastructure provider for the storage, handling and movement of food around the world.