TD Boosts Linamar (TSE:LNR) Price Target to C$119.00

Linamar (TSE:LNR) had its price objective increased by analysts at TD from C$116.00 to C$119.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 24.09% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$105.00 to C$110.00 in a research report on Thursday. TD Securities increased their price objective on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Scotiabank lowered their target price on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Finally, Raymond James Financial lowered their target price on shares of Linamar from C$100.00 to C$90.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.57.

Linamar Stock Up 0.6%

Shares of TSE:LNR opened at C$95.90 on Thursday. The company has a market capitalization of C$5.70 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68. Linamar has a 52-week low of C$58.45 and a 52-week high of C$98.65. The company has a fifty day moving average of C$87.26 and a 200-day moving average of C$84.47. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50.

Linamar (TSE:LNR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share for the quarter. The business had revenue of C$2.94 billion during the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%. On average, equities analysts predict that Linamar will post 11.4332724 EPS for the current fiscal year.

Trending Headlines about Linamar

Here are the key news stories impacting Linamar this week:

• Positive Sentiment: TD raised its price target on Linamar to C$119 from C$116 and kept a buy rating, implying the most upside among the recent notes. Article Link
• Positive Sentiment: Canadian Imperial Bank of Commerce increased its target to C$110 from C$105, reinforcing expectations for further gains in the stock. Article Link
• Positive Sentiment: Linamar reported quarterly EPS of C$3.28 on revenue of C$2.94 billion, with a 5.71% net margin and 9.92% return on equity, which appears to be supporting investor confidence. Article Link
• Neutral Sentiment: Scotia lifted its target to C$99 from C$96 and maintained a sector perform rating, signaling a cautious but improved outlook. Article Link
• Neutral Sentiment: Raymond James raised its target to C$100 from C$90 while keeping a market perform rating, adding to the view that the stock is fairly valued near current levels. Article Link

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.