Piper Sandler Lowers Lineage (NASDAQ:LINE) Price Target to $75.00

Lineage (NASDAQ:LINE) had its target price dropped by research analysts at Piper Sandler from $90.00 to $75.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 24.48% from the company’s previous close.

LINE has been the topic of a number of other reports. Evercore ISI lowered their price target 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 reduced their price objective for the stock from $78.00 to $75.00 in a research note on Friday, December 20th. Robert W. Baird reduced their price objective on shares of Lineage from $91.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price objective on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Finally, BNP Paribas assumed coverage on shares of Lineage in a research note on Tuesday, January 14th. They set a “neutral” rating and a $61.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lineage presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.41.

Lineage Price Performance

NASDAQ:LINE opened at $60.25 on Thursday. Lineage has a 52 week low of $52.75 and a 52 week high of $89.85. The firm’s 50-day simple moving average is $57.71 and its 200 day simple moving average is $68.58. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On Lineage

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Lineage by 1.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,154 shares of the company’s stock worth $595,000 after buying an additional 185 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Lineage by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 29,724 shares of the company’s stock worth $1,740,000 after buying an additional 291 shares during the last quarter. US Bancorp DE purchased a new position in shares of Lineage in the 3rd quarter worth about $25,000. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Lineage by 4.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 8,910 shares of the company’s stock worth $526,000 after buying an additional 340 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new position in shares of Lineage in the 3rd quarter worth about $34,000.

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.