Linamar (TSE:LNR) PT Lowered to C$88.00

Linamar (TSE:LNR) had its price target decreased by equities research analysts at CIBC from C$92.00 to C$88.00 in a research note issued on Friday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 39.59% from the company’s current price.

A number of other equities analysts also recently commented on the company. BMO Capital Markets lifted their price target on Linamar from C$80.00 to C$90.00 in a research note on Thursday, May 9th. TD Securities dropped their price target on Linamar from C$97.00 to C$95.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Raymond James boosted their target price on shares of Linamar from C$70.00 to C$74.00 in a research note on Thursday, May 9th. Finally, Scotiabank boosted their price objective on shares of Linamar from C$85.00 to C$90.00 in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Linamar currently has an average rating of “Moderate Buy” and an average price target of C$84.80.

Linamar Trading Down 0.4 %

LNR stock traded down C$0.26 during midday trading on Friday, reaching C$63.04. 273,836 shares of the company’s stock traded hands, compared to its average volume of 87,616. Linamar has a fifty-two week low of C$56.78 and a fifty-two week high of C$74.10. The business has a 50-day moving average price of C$67.22 and a two-hundred day moving average price of C$67.58. The company has a market capitalization of C$3.88 billion, a P/E ratio of 6.85, a PEG ratio of 1.12 and a beta of 1.48. The company has a debt-to-equity ratio of 47.60, a current ratio of 1.66 and a quick ratio of 0.75.

Linamar (TSE:LNR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.12 by C$0.47. The firm had revenue of C$2.72 billion during the quarter, compared to the consensus estimate of C$2.70 billion. Linamar had a return on equity of 10.76% and a net margin of 5.55%. Equities research analysts forecast that Linamar will post 10.703876 EPS for the current fiscal year.

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.