Lineage (NASDAQ:LINE) Hits New 52-Week Low – Time to Sell?

Lineage, Inc. (NASDAQ:LINE)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $62.51 and last traded at $62.52, with a volume of 44550 shares traded. The stock had previously closed at $63.61.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LINE shares. Capital One Financial began 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. Wells Fargo & Company lifted their price target on shares of Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Royal Bank of Canada dropped their price objective on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. UBS Group began coverage on shares of Lineage in a research note on Monday, August 19th. They set a “neutral” rating and a $88.00 target price for the company. Finally, Mizuho started coverage on Lineage in a research note on Monday, August 19th. They issued a “neutral” rating and a $86.00 price target on the stock. Five investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.75.

Lineage Trading Up 0.6 %

The company has a 50 day moving average price of $74.79. 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 released its earnings results on Wednesday, November 6th. The company reported ($2.44) EPS for the quarter, missing the consensus estimate of $0.78 by ($3.22). The firm 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 firm’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Research analysts expect that Lineage, Inc. will post 3 EPS for the current fiscal year.

Lineage Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Monday, October 21st. Shareholders of record on Monday, September 30th were given a $0.38 dividend. The ex-dividend date was Monday, September 30th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in Lineage during the third quarter worth approximately $25,000. Larson Financial Group LLC purchased a new position in shares of Lineage in the 3rd quarter worth $34,000. Spirit of America Management Corp NY purchased a new position in shares of Lineage in the 3rd quarter worth $165,000. Stifel Financial Corp acquired a new position in Lineage in the third quarter valued at $211,000. Finally, MetLife Investment Management LLC purchased a new stake in Lineage during the third quarter valued at about $226,000.

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.