Lineage, Inc. (NASDAQ:LINE) Given Average Recommendation of “Moderate Buy” by Brokerages

Lineage, Inc. (NASDAQ:LINE) has earned a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $93.50.

A number of analysts recently issued reports on LINE shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Lineage in a research report on Monday, August 19th. They set a “hold” rating and a $90.00 target price for the company. Scotiabank dropped their target price on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating for the company in a research report on Monday, August 26th. Mizuho began coverage on shares of Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $86.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $94.00 price target on shares of Lineage in a report on Tuesday, September 3rd. Finally, Bank of America began coverage on Lineage in a report on Monday, August 19th. They issued a “buy” rating and a $100.00 price target for the company.

Lineage Price Performance

LINE opened at $72.27 on Friday. The business’s 50 day simple moving average is $79.43. Lineage has a 1 year low of $72.03 and a 1 year high of $89.85. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95.

Lineage Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were paid a dividend of $0.38 per share. The ex-dividend date was Monday, September 30th.

Institutional Investors Weigh In On Lineage

Several institutional investors and hedge funds have recently made changes to their positions in LINE. SG Americas Securities LLC acquired a new stake in shares of Lineage during the 3rd quarter valued at approximately $658,000. Perpetual Ltd acquired a new stake in shares of Lineage during the 3rd quarter valued at approximately $324,000. Renaissance Capital LLC acquired a new stake in shares of Lineage during the 3rd quarter valued at approximately $5,209,000. Vontobel Holding Ltd. acquired a new stake in shares of Lineage during the 3rd quarter valued at approximately $1,026,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Lineage in the third quarter worth $3,582,000.

Lineage Company Profile

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.