Evercore ISI Issues Pessimistic Forecast for Lineage (NASDAQ:LINE) Stock Price

Lineage (NASDAQ:LINE) had its price target reduced by equities researchers at Evercore ISI from $88.00 to $78.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential upside of 15.04% from the company’s current price.

A number of other research firms have also recently commented on LINE. Wells Fargo & Company upped their price target on shares of Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $94.00 target price on shares of Lineage in a research report on Tuesday, September 3rd. Baird R W upgraded Lineage to a “strong-buy” rating in a report on Monday, August 19th. The Goldman Sachs Group reduced their price objective on Lineage from $105.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Piper Sandler began coverage on Lineage in a report on Monday, August 19th. They issued an “overweight” rating and a $102.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.88.

Lineage Stock Down 7.4 %

LINE opened at $67.80 on Thursday. Lineage has a one year low of $67.53 and a one year high of $89.85. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 1.93. The company’s 50 day simple moving average is $78.32.

Institutional Investors Weigh In On Lineage

Large investors have recently modified their holdings of the business. US Bancorp DE purchased a new stake in shares of Lineage during the third quarter worth about $25,000. Spirit of America Management Corp NY purchased a new stake in shares of Lineage during the third quarter worth about $165,000. Amalgamated Bank purchased a new stake in shares of Lineage during the third quarter worth about $255,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Lineage during the third quarter worth about $312,000. Finally, Villere ST Denis J & Co. LLC purchased a new stake in Lineage in the third quarter valued at approximately $314,000.

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.