Linamar (TSE:LNR) Price Target Raised to C$99.00

Linamar (TSE:LNR) had its price objective raised by CIBC from C$88.00 to C$99.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Scotiabank raised their price objective on shares of Linamar from C$80.00 to C$83.00 in a research report on Friday, October 17th. TD Securities increased their price target on shares of Linamar from C$85.00 to C$96.00 in a research note on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Linamar presently has a consensus rating of “Moderate Buy” and a consensus target price of C$87.60.

Linamar Price Performance

TSE:LNR opened at C$85.40 on Monday. Linamar has a one year low of C$43.84 and a one year high of C$87.30. The stock has a market cap of C$5.11 billion, a PE ratio of 20.73, a P/E/G ratio of 1.12 and a beta of 1.63. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The stock has a 50 day moving average price of C$79.91 and a 200 day moving average price of C$74.46.

Linamar (TSE:LNR) last issued its earnings results on Wednesday, November 12th. The company reported C$2.51 earnings per share (EPS) for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%.The company had revenue of C$2.54 billion during the quarter. Equities research analysts expect that Linamar will post 11.4332724 EPS for the current fiscal year.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.