Robert W. Baird Lowers Lineage (NASDAQ:LINE) Price Target to $70.00

Lineage (NASDAQ:LINE) had its price objective decreased by equities research analysts at Robert W. Baird from $76.00 to $70.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 19.15% from the stock’s current price.

Other analysts also recently issued reports about the stock. Piper Sandler decreased their target price on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. downgraded shares of Lineage from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $78.00 to $75.00 in a research report on Friday, December 20th. Mizuho decreased their target price on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of Lineage from $94.00 to $81.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Finally, Evercore ISI decreased their target price on shares of Lineage from $88.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.41.

Lineage Price Performance

Shares of LINE opened at $58.75 on Thursday. The company’s 50 day moving average price is $57.66 and its 200 day moving average price is $68.64. Lineage has a 52 week low of $52.75 and a 52 week high of $89.85. 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

Several large investors have recently bought and sold shares of LINE. US Bancorp DE acquired a new position in Lineage during the 3rd quarter valued at $25,000. GAMMA Investing LLC raised its stake in shares of Lineage by 7,466.7% in the 4th quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 448 shares in the last quarter. FIL Ltd acquired a new position in shares of Lineage in the 4th quarter valued at $29,000. Larson Financial Group LLC acquired a new position in shares of Lineage in the 3rd quarter valued at $34,000. Finally, Quarry LP acquired a new position in shares of Lineage in the 4th quarter valued at $50,000.

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.