Lineage (NASDAQ:LINE) Price Target Lowered to $35.00 at Piper Sandler

Lineage (NASDAQ:LINE) had its target price cut by investment analysts at Piper Sandler from $43.00 to $35.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 6.30% from the stock’s current price.

LINE has been the subject of a number of other research reports. Robert W. Baird reiterated a “neutral” rating and issued a $39.00 price objective (down from $45.00) on shares of Lineage in a research report on Thursday, December 18th. UBS Group cut their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Scotiabank raised their target price on Lineage from $39.00 to $42.00 and gave the stock a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen cut shares of Lineage from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Citigroup upped their target price on shares of Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.28.

Lineage Stock Performance

Shares of LINE traded up $0.17 during trading hours on Wednesday, reaching $32.93. 475,880 shares of the company traded hands, compared to its average volume of 1,377,578. The stock’s fifty day moving average is $37.28 and its 200 day moving average is $37.20. The stock has a market cap of $7.48 billion, a P/E ratio of -76.58 and a beta of -0.42. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.71 and a current ratio of 0.80. Lineage has a 1-year low of $31.33 and a 1-year high of $58.86.

Lineage (NASDAQ:LINE) last released its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that Lineage will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Lineage

In other Lineage news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of $37.50 per share, for a total transaction of $498,750.00. Following the transaction, the chairman directly owned 113,690 shares in the company, valued at approximately $4,263,375. The trade was a 13.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after buying an additional 300 shares during the period. Rothschild Investment LLC raised its position in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the last quarter. Caitlin John LLC acquired a new position in shares of Lineage during the third quarter valued at $31,000. Finally, Allworth Financial LP lifted its stake in shares of Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock valued at $33,000 after acquiring an additional 485 shares during the period.

About Lineage

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.