Royal Bank of Canada Lowers Lineage (NASDAQ:LINE) Price Target to $81.00

Lineage (NASDAQ:LINE) had its target price decreased by Royal Bank of Canada from $94.00 to $81.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

LINE has been the topic of a number of other research reports. Evercore ISI cut their price target on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Morgan Stanley assumed coverage on Lineage in a research note on Monday, August 19th. They issued an “overweight” rating and a $100.00 price target for the company. Capital One Financial assumed coverage on Lineage in a research note on Monday, September 16th. They issued an “overweight” rating and a $91.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Lineage in a report on Monday, August 19th. They set a “hold” rating and a $90.00 price target for the company. Finally, UBS Group began coverage on shares of Lineage in a research report on Monday, August 19th. They issued a “neutral” rating and a $88.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lineage presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

Lineage Trading Up 0.6 %

Shares of LINE opened at $63.53 on Wednesday. Lineage has a 52 week low of $62.65 and a 52 week high of $89.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The firm has a fifty day moving average price of $75.90.

Lineage (NASDAQ:LINE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($3.22). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Lineage had a negative net margin of 12.18% and a negative return on equity of 9.89%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. Sell-side analysts predict that Lineage will post 3 earnings per share for the current fiscal 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 dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, September 30th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LINE. Geode Capital Management LLC acquired a new stake in shares of Lineage in the 3rd quarter worth about $91,161,000. M&T Bank Corp bought a new position in shares of Lineage in the third quarter valued at approximately $356,000. Barclays PLC purchased a new position in shares of Lineage during the third quarter valued at approximately $13,928,000. Public Employees Retirement System of Ohio bought a new stake in Lineage during the third quarter worth $1,754,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Lineage in the 3rd quarter valued at $5,787,000.

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.