Linamar (TSE:LNR) Price Target Raised to C$102.00 at Scotiabank

Linamar (TSE:LNR) had its price objective increased by equities research analysts at Scotiabank from C$99.00 to C$102.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential downside of 1.45% from the company’s current price.

A number of other brokerages have also commented on LNR. Canadian Imperial Bank of Commerce boosted their price objective on Linamar from C$110.00 to C$115.00 in a report on Tuesday, July 14th. TD raised their target price on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Scotia lifted their target price on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial upped their price target on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$104.14.

Linamar Stock Down 0.2%

LNR stock traded down C$0.16 during midday trading on Monday, reaching C$103.50. 60,022 shares of the company’s stock traded hands, compared to its average volume of 122,393. Linamar has a 52 week low of C$65.60 and a 52 week high of C$107.12. The company has a market cap of C$6.13 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 1.12 and a beta of 1.72. The firm’s fifty day moving average price is C$100.45 and its 200-day moving average price is C$92.32. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 35.07.

Linamar (TSE:LNR) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. The firm had revenue of C$2.94 billion during the quarter. As a group, sell-side analysts forecast that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Linamar news, insider Csaba Havasi sold 3,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total value of C$292,410.00. Following the transaction, the insider owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock. Company insiders own 33.49% of the company’s stock.

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.