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.

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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.

About Linamar

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.

Analyst Recommendations for Linamar (TSE:LNR)

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