Lineage, Inc. (NASDAQ:LINE - Get Free Report)'s share price hit a new 52-week low on Wednesday after Royal Bank of Canada lowered their price target on the stock from $94.00 to $81.00. Royal Bank of Canada currently has an outperform rating on the stock. Lineage traded as low as $65.51 and last traded at $65.51, with a volume of 398 shares changing hands. The stock had previously closed at $65.61.
LINE has been the subject of several other reports. Truist Financial began coverage on Lineage in a report on Monday, August 19th. They issued a "buy" rating and a $94.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Lineage in a report on Monday, August 19th. They set a "hold" rating and a $90.00 target price on the stock. JPMorgan Chase & Co. started coverage on Lineage in a report on Monday, August 19th. They issued an "overweight" rating and a $93.00 price target on the stock. KeyCorp started coverage on Lineage in a report on Monday, August 19th. They issued an "overweight" rating and a $92.00 price target on the stock. Finally, Scotiabank dropped their price target on Lineage from $95.00 to $94.00 and set a "sector outperform" rating on the stock in a report on Monday, August 26th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lineage currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.69.
Get Our Latest Stock Report on Lineage
A number of institutional investors have recently bought and sold shares of LINE. Vision Capital Corp bought a new stake in shares of Lineage in the third quarter worth $11,757,000. Daiwa Securities Group Inc. acquired a new position in shares of Lineage in the third quarter valued at about $36,466,000. Larson Financial Group LLC acquired a new position in shares of Lineage in the third quarter valued at about $34,000. GM Advisory Group LLC acquired a new position in shares of Lineage in the third quarter valued at about $784,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Lineage in the third quarter valued at about $13,786,000.
The stock has a 50-day moving average price of $77.02. 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 (NASDAQ:LINE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.44) earnings per share for the quarter, missing the consensus estimate of $0.78 by ($3.22). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Lineage had a negative return on equity of 9.89% and a negative net margin of 12.18%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, analysts expect that Lineage, Inc. will post 3 EPS for the current fiscal year.
The business also recently disclosed a -- dividend, which was paid on Monday, October 21st. Stockholders of record on Monday, September 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.
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.
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