Lineage (NASDAQ:LINE) Given New $70.00 Price Target at Robert W. Baird

Lineage (NASDAQ:LINE) had its price target reduced by equities researchers at Robert W. Baird from $76.00 to $70.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 16.18% from the stock’s previous close.

A number of other brokerages also recently commented on LINE. Mizuho dropped their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI dropped their price objective on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $78.00 to $75.00 in a research report on Friday, December 20th. The Goldman Sachs Group dropped their price objective on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, 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. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.41.

Lineage Stock Up 1.0 %

Lineage stock opened at $60.25 on Thursday. Lineage has a 52-week low of $52.75 and a 52-week high of $89.85. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $57.71 and its two-hundred day moving average is $68.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LINE. Norges Bank purchased a new position in Lineage during the 4th quarter worth $681,572,000. Wellington Management Group LLP purchased a new position in Lineage during the 3rd quarter worth $265,895,000. D1 Capital Partners L.P. grew its position in Lineage by 257.5% during the 4th quarter. D1 Capital Partners L.P. now owns 3,753,598 shares of the company’s stock worth $219,848,000 after purchasing an additional 2,703,598 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Lineage during the 3rd quarter worth $176,790,000. Finally, Principal Financial Group Inc. purchased a new position in Lineage during the 3rd quarter worth $173,115,000.

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.