Linamar Co. (LNR) Price Target Raised to C$80.00 at BMO Capital Markets
Linamar Co. (TSE:LNR) had its price target upped by BMO Capital Markets from C$70.00 to C$80.00 in a research report report published on Monday. BMO Capital Markets currently has a market perform rating on the stock.
A number of other analysts have also recently weighed in on the company. CIBC upped their price target on Linamar from C$69.00 to C$81.00 in a research report on Thursday, September 28th. Royal Bank Of Canada increased their target price on Linamar from C$71.00 to C$74.00 and gave the stock a sector perform rating in a report on Thursday, August 3rd. Finally, TD Securities decreased their target price on Linamar from C$73.00 to C$72.00 and set a hold rating on the stock in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Linamar has a consensus rating of Hold and an average target price of C$78.40.
Shares of Linamar (TSE:LNR) opened at 78.42 on Monday. The company has a market capitalization of $5.12 billion and a PE ratio of 9.49. The firm has a 50-day moving average price of $75.28 and a 200-day moving average price of $66.59. Linamar has a 1-year low of $47.00 and a 1-year high of $80.29.
Linamar (TSE:LNR) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported C$2.45 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.35 by C$0.10. Linamar had a return on equity of 22.89% and a net margin of 9.17%. The firm had revenue of C$1.77 billion for the quarter, compared to analysts’ expectations of C$1.71 billion. Equities analysts anticipate that Linamar will post $8.34 earnings per share for the current year.
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In other news, insider Kenneth Mcdougall sold 2,500 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of C$78.74, for a total transaction of C$196,850.00. Also, insider Alexander Drolc sold 651 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of C$70.00, for a total value of C$45,570.00. Insiders have sold 3,251 shares of company stock worth $249,620 in the last 90 days.
Linamar Company Profile
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.
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