Lineage (NASDAQ:LINE) Given New $85.00 Price Target at Robert W. Baird

Lineage (NASDAQ:LINE) had its target price lowered by investment analysts at Robert W. Baird from $91.00 to $85.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 24.76% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Mizuho began coverage on shares of Lineage in a report on Monday, August 19th. They issued a “neutral” rating and a $86.00 price target on the stock. Morgan Stanley began coverage on shares of Lineage in a report on Monday, August 19th. They set an “overweight” rating and a $100.00 target price on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on Lineage in a research report on Monday, August 19th. They issued a “hold” rating and a $90.00 target price for the company. Piper Sandler initiated coverage on shares of Lineage in a research report on Monday, August 19th. They set an “overweight” rating and a $102.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $94.00 price objective on shares of Lineage in a research note on Tuesday, September 3rd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Lineage Trading Up 0.5 %

LINE traded up $0.33 on Thursday, reaching $68.13. The company had a trading volume of 943,187 shares, compared to its average volume of 1,425,654. The business has a 50 day moving average of $78.32. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.10 and a quick ratio of 0.95. Lineage has a 52-week low of $67.04 and a 52-week high of $89.85.

Institutional Investors Weigh In On Lineage

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in Lineage in the 3rd quarter valued at about $25,000. Spirit of America Management Corp NY purchased a new position in shares of Lineage in the 3rd quarter valued at about $165,000. Amalgamated Bank purchased a new position in shares of Lineage in the 3rd quarter valued at about $255,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Lineage in the 3rd quarter valued at about $312,000. Finally, Villere ST Denis J & Co. LLC purchased a new position in Lineage during the 3rd quarter worth approximately $314,000.

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.