Wall Street Zen Downgrades Lineage (NASDAQ:LINE) to Sell

Lineage (NASDAQ:LINE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other analysts have also issued reports on the stock. Evercore reduced their price target on shares of Lineage from $44.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, November 10th. Robert W. Baird reiterated a “neutral” rating and issued a $39.00 target price (down from $45.00) on shares of Lineage in a research report on Thursday, December 18th. Royal Bank Of Canada decreased their target price on shares of Lineage from $51.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Morgan Stanley lowered their price target on shares of Lineage from $46.00 to $39.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 16th. Finally, Zacks Research lowered Lineage from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $42.18.

Lineage Stock Performance

Shares of Lineage stock opened at $40.52 on Friday. Lineage has a 12 month low of $32.46 and a 12 month high of $62.30. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. The stock has a market cap of $9.25 billion, a PE ratio of -94.23 and a beta of -0.43. The business has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $37.81.

Lineage (NASDAQ:LINE) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.70). Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. On average, sell-side analysts anticipate that Lineage will post 2.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LINE. Jones Financial Companies Lllp lifted its holdings in Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Lineage by 172.4% in the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 362 shares during the period. Rothschild Investment LLC lifted its stake in shares of Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the last quarter. Caitlin John LLC acquired a new stake in shares of Lineage in the third quarter worth $31,000. Finally, Allworth Financial LP boosted its holdings in shares of Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after buying an additional 614 shares during the period.

Lineage Company Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.