Lineage (NASDAQ:LINE) Given New $81.00 Price Target at Royal Bank of Canada

Lineage (NASDAQ:LINE) had its price target cut by Royal Bank of Canada from $94.00 to $81.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

LINE has been the topic of a number of other research reports. Baird R W upgraded Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Truist Financial began coverage on shares of Lineage in a report on Monday, August 19th. They issued a “buy” rating and a $94.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $93.00 target price on the stock. Mizuho began coverage on shares of Lineage in a research note on Monday, August 19th. They set a “neutral” rating and a $86.00 price target for the company. Finally, Morgan Stanley assumed coverage on shares of Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $100.00 price objective on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lineage has a consensus rating of “Moderate Buy” and a consensus target price of $90.75.

Lineage Trading Up 0.6 %

Lineage stock opened at $63.53 on Wednesday. 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 has a 12-month low of $62.65 and a 12-month high of $89.85. The company has a 50-day simple moving average of $75.90.

Lineage (NASDAQ:LINE) last released its quarterly earnings data 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 for 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%. Lineage’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. As a group, equities research analysts forecast that Lineage will post 3 EPS for the current year.

Lineage Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LINE. US Bancorp DE acquired a new stake in Lineage in the third quarter worth $25,000. Larson Financial Group LLC acquired a new position in shares of Lineage during the third quarter valued at about $34,000. Spirit of America Management Corp NY bought a new position in shares of Lineage during the 3rd quarter worth about $165,000. Stifel Financial Corp acquired a new stake in shares of Lineage in the 3rd quarter valued at about $211,000. Finally, MetLife Investment Management LLC bought a new stake in Lineage in the 3rd quarter valued at about $226,000.

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.