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.

COPYRIGHT VIOLATION WARNING: “Q2 2017 Earnings Estimate for Linamar Co. (LNR) Issued By Cormark” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/18/q2-2017-earnings-estimate-for-linamar-co-lnr-issued-by-cormark.html.

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.

About Linamar

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.

Earnings History and Estimates for Linamar (TSE:LNR)

Receive News & Ratings for Linamar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar Co. and related companies with MarketBeat.com's FREE daily email newsletter.