Linamar (TSE:LNR – Get Free Report) had its price target increased by equities research analysts at Raymond James from C$70.00 to C$74.00 in a research note issued on Thursday, BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 4.40% from the company’s current price.
Several other equities analysts have also recently weighed in on LNR. Scotiabank boosted their price objective on Linamar from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. CIBC lowered their target price on shares of Linamar from C$91.50 to C$90.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linamar currently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.60.
Check Out Our Latest Analysis on LNR
Linamar Stock Up 7.7 %
Linamar (TSE:LNR – Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.75 by C$0.23. Linamar had a return on equity of 9.93% and a net margin of 5.17%. The business had revenue of C$2.45 billion for the quarter, compared to the consensus estimate of C$2.40 billion. Analysts forecast that Linamar will post 10.0864553 EPS for the current year.
Insider Buying and Selling at Linamar
In other Linamar news, Senior Officer Michael Willard Russell acquired 586 shares of the business’s stock in a transaction on Monday, March 18th. The stock was purchased at an average price of C$69.93 per share, with a total value of C$40,978.98. Following the acquisition, the insider now directly owns 586 shares of the company’s stock, valued at approximately C$40,978.98. Insiders own 35.92% of the company’s stock.
About Linamar
Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.
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