Linamar Co. (TSE:LNR) Price Target Raised to C$74.00
Linamar Co. (TSE:LNR) had its price objective lifted by analysts at Royal Bank Of Canada from C$71.00 to C$74.00 in a research report issued to clients and investors on Thursday, August 3rd. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 12.17% from the stock’s previous close.
A number of other analysts have also recently commented on LNR. TD Securities increased their price target on shares of Linamar from C$68.00 to C$73.00 and gave the company a “hold” rating in a research note on Thursday, May 11th. Scotiabank increased their price target on shares of Linamar from C$80.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, May 11th. Finally, CIBC increased their price target on shares of Linamar from C$65.00 to C$69.00 in a research note on Friday, May 12th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$74.00.
Linamar (LNR) opened at 65.97 on Thursday. The firm’s 50-day moving average is $67.07 and its 200-day moving average is $61.88. The firm has a market cap of $4.31 billion and a price-to-earnings ratio of 7.99. Linamar has a 52-week low of $47.00 and a 52-week high of $72.12.
Linamar (TSE:LNR) last released its earnings results on Wednesday, August 2nd. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.10. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Linamar had a net margin of 9.17% and a return on equity of 22.89%. Analysts forecast that Linamar will post $8.33 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Linamar Co. (TSE:LNR) Price Target Raised to C$74.00” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/15/linamar-co-tselnr-price-target-raised-to-c74-00-at-royal-bank-of-canada-updated.html.
In related news, insider Jose Manuel Chaves bought 2,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was bought at an average price of C$63.16 per share, for a total transaction of C$126,320.00. Also, Director William Harrison sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of C$63.75, for a total transaction of C$318,750.00.
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.
Receive News & Stock Ratings for Linamar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar Co. and related stocks with our FREE daily email newsletter.