Lineage (NASDAQ:LINE) Price Target Lowered to $67.00 at Mizuho

Lineage (NASDAQ:LINE) had its price target lowered by stock analysts at Mizuho from $86.00 to $67.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential upside of 17.85% from the stock’s current price.

A number of other research firms have also issued reports on LINE. Scotiabank lowered their target price on shares of Lineage from $94.00 to $76.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, December 10th. Robert W. Baird decreased their price target on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Evercore ISI reduced their target price on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their price target on Lineage from $104.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Capital One Financial began coverage on Lineage in a research report on Monday, September 16th. They set an “overweight” rating and a $91.00 price objective on the stock. Six 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 stock. According to data from MarketBeat, Lineage has an average rating of “Moderate Buy” and a consensus price target of $87.31.

Lineage Stock Down 0.3 %

Shares of LINE stock traded down $0.15 during mid-day trading on Wednesday, hitting $56.85. 194,665 shares of the stock traded hands, compared to its average volume of 558,367. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07. The stock’s 50-day simple moving average is $63.23. Lineage has a twelve month low of $56.47 and a twelve month high of $89.85.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equities analysts expect that Lineage will post 3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lineage

Several large investors have recently modified their holdings of LINE. US Bancorp DE purchased a new stake in shares of Lineage in the third quarter worth $25,000. GAMMA Investing LLC boosted its stake in Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock worth $27,000 after buying an additional 448 shares in the last quarter. Larson Financial Group LLC bought a new position in Lineage during the third quarter valued at approximately $34,000. Spirit of America Management Corp NY purchased a new position in shares of Lineage during the third quarter worth approximately $165,000. Finally, Stifel Financial Corp bought a new stake in shares of Lineage in the 3rd quarter worth approximately $211,000.

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.