Q2 2017 Earnings Estimate for Linamar Co. (LNR) Issued By Cormark
Linamar Co. (TSE:LNR) – Analysts at Cormark dropped their Q2 2017 earnings per share estimates for shares of Linamar in a research note issued to investors on Monday. Cormark analyst D. Tyerman now anticipates that the company will post earnings of $2.35 per share for the quarter, down from their previous estimate of $2.38. Cormark also issued estimates for Linamar’s Q3 2017 earnings at $1.88 EPS, Q4 2017 earnings at $1.82 EPS, FY2017 earnings at $8.25 EPS, Q1 2018 earnings at $2.39 EPS, Q3 2018 earnings at $2.16 EPS, Q4 2018 earnings at $2.19 EPS and FY2018 earnings at $9.35 EPS.
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LNR has been the topic of a number of other reports. CIBC boosted their price target on shares of Linamar from C$65.00 to C$69.00 in a research report on Friday, May 12th. Scotiabank boosted their price target on shares of Linamar from C$80.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. TD Securities boosted their price target on shares of Linamar from C$68.00 to C$73.00 and gave the stock a “hold” rating in a research report on Thursday, May 11th. Finally, Royal Bank Of Canada boosted their target price on shares of Linamar from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Linamar has an average rating of “Hold” and a consensus target price of C$72.60.
Linamar (TSE LNR) opened at 67.15 on Tuesday. Linamar has a 12-month low of $47.00 and a 12-month high of $68.20. The company has a market cap of $4.38 billion and a P/E ratio of 8.19. The firm’s 50 day moving average is $62.69 and its 200 day moving average is $59.83.
In other Linamar news, insider Kenneth Mcdougall sold 4,000 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of C$62.10, for a total value of C$248,400.00. Also, Director William Harrison sold 5,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of C$63.75, for a total transaction of C$318,750.00.
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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