Lineage (NASDAQ:LINE) Price Target Cut to $78.00 by Analysts at Evercore ISI

Lineage (NASDAQ:LINE) had its target price decreased by Evercore ISI from $88.00 to $78.00 in a research note issued to investors on Thursday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other analysts have also recently commented on LINE. Morgan Stanley started coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $100.00 target price for the company. UBS Group assumed coverage on Lineage in a research report on Monday, August 19th. They set a “neutral” rating and a $88.00 target price on the stock. 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. Robert W. Baird began coverage on shares of Lineage in a research report on Monday, August 19th. They issued an “outperform” rating and a $91.00 target price on the stock. Finally, Truist Financial initiated coverage on shares of Lineage in a research report on Monday, August 19th. They set a “buy” rating and a $94.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.50.

Lineage Stock Down 1.1 %

Shares of LINE stock traded down $0.76 during trading hours on Thursday, hitting $67.32. The company’s stock had a trading volume of 1,265,475 shares, compared to its average volume of 1,439,928. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a fifty day moving average of $78.01. Lineage has a twelve month low of $66.94 and a twelve month high of $89.85.

Lineage Announces Dividend

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

Institutional Investors Weigh In On Lineage

Several hedge funds have recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of Lineage in the third quarter worth $25,000. Spirit of America Management Corp NY purchased a new position in Lineage in the third quarter valued at about $165,000. Amalgamated Bank acquired a new position in Lineage in the 3rd quarter worth about $255,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Lineage during the 3rd quarter worth about $312,000. Finally, Villere ST Denis J & Co. LLC acquired a new stake in shares of Lineage during the 3rd quarter valued at about $314,000.

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.