Lineage (NASDAQ:LINE) Given New $78.00 Price Target at Evercore ISI

Lineage (NASDAQ:LINE) had its price objective cut by Evercore ISI from $88.00 to $78.00 in a report published on Thursday morning,Benzinga reports. They currently have an in-line rating on the stock.

LINE has been the subject of a number of other reports. The Goldman Sachs Group lowered their target price on Lineage from $105.00 to $104.00 and set a “buy” rating for the company in a report on Friday, September 13th. Scotiabank cut their target price on shares of Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 26th. Baird R W raised shares of Lineage to a “strong-buy” rating in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft started coverage on Lineage in a research note on Monday, August 19th. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on Lineage from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.50.

Lineage Stock Down 1.1 %

NASDAQ:LINE traded down $0.76 during trading hours on Thursday, reaching $67.32. 1,265,475 shares of the stock were exchanged, compared to its average volume of 1,439,928. Lineage has a twelve month low of $66.94 and a twelve month high of $89.85. The stock has a 50-day simple moving average of $78.01. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 1.93.

Lineage Dividend Announcement

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

Institutional Trading of Lineage

Several hedge funds have recently modified their holdings of the business. US Bancorp DE purchased a new position in Lineage in the third quarter worth $25,000. Spirit of America Management Corp NY acquired a new position in shares of Lineage during the 3rd quarter worth $165,000. Amalgamated Bank acquired a new stake in shares of Lineage in the third quarter valued at about $255,000. Oppenheimer Asset Management Inc. purchased a new stake in Lineage during the third quarter worth about $312,000. Finally, Villere ST Denis J & Co. LLC acquired a new position in Lineage during the third quarter worth about $314,000.

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.