Lineage (NASDAQ:LINE) Price Target Lowered to $70.00 at Robert W. Baird

Lineage (NASDAQ:LINE) had its target price cut by Robert W. Baird from $76.00 to $70.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

LINE has been the subject of several other research reports. Piper Sandler reduced their target price on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday. Mizuho cut their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut 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. The Goldman Sachs Group decreased their price target 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, Evercore ISI cut their price objective on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $82.41.

Lineage Stock Performance

LINE stock opened at $59.66 on Thursday. The stock has a fifty day moving average of $57.71 and a 200-day moving average of $68.58. Lineage has a fifty-two week low of $52.75 and a fifty-two week high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62.

Lineage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were issued a $0.5275 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.54%.

Hedge Funds Weigh In On Lineage

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp purchased a new stake in Lineage during the third quarter valued at about $833,000. TOMS Capital Investment Management LP purchased a new stake in Lineage during the 3rd quarter valued at about $15,676,000. JPMorgan Chase & Co. bought a new position in Lineage during the 3rd quarter worth approximately $12,542,000. Nicola Wealth Management LTD. purchased a new position in Lineage in the 3rd quarter worth approximately $658,000. Finally, Principal Financial Group Inc. bought a new stake in Lineage in the third quarter valued at approximately $173,115,000.

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.