TD Securities Lowers Linamar (TSE:LNR) Price Target to C$89.00

Linamar (TSE:LNR) had its price target dropped by stock analysts at TD Securities from C$92.00 to C$89.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 41.65% from the stock’s previous close.

LNR has been the topic of a number of other research reports. BMO Capital Markets reduced their target price on Linamar from C$90.00 to C$80.00 in a report on Friday, August 9th. CIBC cut their price target on Linamar from C$92.00 to C$88.00 in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Linamar presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.20.

Linamar Stock Down 0.4 %

LNR stock opened at C$62.83 on Monday. Linamar has a fifty-two week low of C$56.78 and a fifty-two week high of C$73.84. The business’s 50 day moving average price is C$63.18 and its two-hundred day moving average price is C$66.54. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The company has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 6.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR) last posted its earnings results on Thursday, August 8th. The company reported C$3.06 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.70 by C$0.36. Linamar had a return on equity of 11.31% and a net margin of 5.77%. The firm had revenue of C$2.85 billion for the quarter, compared to the consensus estimate of C$2.92 billion. As a group, analysts forecast that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.