TD Securities Issues Positive Forecast for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its price objective increased by investment analysts at TD Securities from C$103.00 to C$114.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 21.24% from the company’s current price.

LNR has been the topic of several other research reports. Canadian Imperial Bank of Commerce increased their price objective on shares of Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Scotiabank upped their target price on shares of Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a report on Tuesday, January 27th. Finally, Raymond James Financial boosted their price objective on shares of Linamar from C$85.00 to C$100.00 in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$98.20.

Linamar Stock Performance

TSE:LNR traded up C$1.35 during mid-day trading on Thursday, reaching C$94.03. The company’s stock had a trading volume of 136,322 shares, compared to its average volume of 112,295. Linamar has a 12-month low of C$43.84 and a 12-month high of C$98.65. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 35.80. The firm’s fifty day moving average price is C$88.84 and its two-hundred day moving average price is C$80.82. The stock has a market cap of C$5.62 billion, a P/E ratio of 22.82, a PEG ratio of 1.12 and a beta of 1.60.

Linamar (TSE:LNR) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share for the quarter. The firm had revenue of C$2.52 billion for the quarter. Linamar had a return on equity of 4.22% and a net margin of 2.39%. On average, equities analysts forecast that Linamar will post 11.4332724 EPS for the current fiscal year.

Insider Activity

In related news, insider Alexander Drolc sold 427 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total value of C$37,576.00. Company insiders own 33.49% of the company’s stock.

About Linamar

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.