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

Lineage (NASDAQ:LINE) had its price target trimmed by Mizuho from $86.00 to $67.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group decreased their price target on Lineage from $104.00 to $89.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada decreased their target price on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank cut their price target on shares of Lineage from $94.00 to $76.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $78.00 to $75.00 in a research report on Friday, December 20th. Finally, Evercore ISI cut their target price on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, November 7th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.31.

Lineage Trading Down 0.9 %

NASDAQ LINE opened at $56.47 on Wednesday. Lineage has a 12 month low of $56.20 and a 12 month high of $89.85. The stock has a 50 day simple moving average of $62.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07.

Lineage (NASDAQ:LINE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($3.22). The business 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 company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. On average, sell-side analysts anticipate that Lineage will post 3 EPS for the current fiscal year.

Lineage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Tuesday, December 31st.

Institutional Trading of Lineage

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in shares of Lineage by 7,466.7% during the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 448 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Lineage during the third quarter worth $12,542,000. Principal Financial Group Inc. bought a new position in Lineage during the third quarter valued at about $173,115,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Lineage in the third quarter worth about $7,804,000. Finally, Geode Capital Management LLC bought a new stake in shares of Lineage during the 3rd quarter worth about $91,161,000.

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.