Brokers Set Expectations for Linamar Co.’s Q1 2018 Earnings (TSE:LNR)
Linamar Co. (TSE:LNR) – Equities research analysts at Cormark upped their Q1 2018 EPS estimates for Linamar in a research note issued on Tuesday. Cormark analyst D. Tyerman now anticipates that the company will earn $2.37 per share for the quarter, up from their prior forecast of $2.35. Cormark also issued estimates for Linamar’s FY2018 earnings at $9.33 EPS.
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Several other research firms have also recently commented on LNR. CIBC lifted their target price on shares of Linamar from C$65.00 to C$69.00 in a research report on Friday, May 12th. Scotiabank restated an “outperform” rating and set a C$80.00 price target on shares of Linamar in a research note on Thursday, March 9th. TD Securities raised their price target on shares of Linamar from C$67.00 to C$68.00 and gave the stock a “hold” rating in a research note on Thursday, March 9th. Royal Bank Of Canada restated a “sector perform” rating and set a C$66.00 price target on shares of Linamar in a research note on Thursday, March 9th. Finally, BMO Capital Markets raised their price target on shares of Linamar from C$55.00 to C$65.00 in a research note on Thursday, March 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of C$72.60.
Shares of Linamar (TSE:LNR) opened at 63.52 on Thursday. Linamar has a one year low of $42.24 and a one year high of $64.73. The stock has a market capitalization of $4.15 billion and a P/E ratio of 7.75. The stock’s 50 day moving average price is $62.69 and its 200 day moving average price is $59.83.
In related news, Director William Harrison sold 5,000 shares of Linamar stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of C$63.75, for a total value of C$318,750.00. Also, insider Kenneth Mcdougall sold 4,000 shares of Linamar stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of C$62.10, for a total transaction of C$248,400.00.
Linamar Company Profile
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
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