Evercore ISI Has Lowered Expectations for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE) had its price target dropped by analysts at Evercore ISI from $88.00 to $78.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target suggests a potential upside of 15.86% from the stock’s current price.

Other analysts also recently issued research reports about the company. Morgan Stanley began coverage on Lineage in a research note on Monday, August 19th. They set an “overweight” rating and a $100.00 target price on the stock. The Goldman Sachs Group dropped their target price on Lineage from $105.00 to $104.00 and set a “buy” rating for the company in a report on Friday, September 13th. Truist Financial initiated coverage on Lineage in a report on Monday, August 19th. They set a “buy” rating and a $94.00 price objective for the company. Bank of America initiated coverage on Lineage in a research report on Monday, August 19th. They set a “buy” rating and a $100.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $93.00 target price for the company. Five 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. According to data from MarketBeat, Lineage currently has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Lineage Stock Down 1.1 %

NASDAQ LINE opened at $67.32 on Thursday. The stock has a 50-day moving average of $77.68. Lineage has a 52 week low of $66.94 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10.

Institutional Investors Weigh In On Lineage

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Lineage during the third quarter valued at approximately $7,631,000. Nicola Wealth Management LTD. bought a new position in shares of Lineage in the third quarter valued at approximately $658,000. Oppenheimer Asset Management Inc. bought a new position in shares of Lineage in the third quarter valued at approximately $312,000. Victory Capital Management Inc. bought a new position in shares of Lineage in the third quarter valued at approximately $176,790,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Lineage in the third quarter valued at approximately $5,070,000.

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.