Linamar (TSE:LNR) Stock Price Expected to Rise, Scotiabank Analyst Says

Linamar (TSE:LNR) had its price target upped by equities researchers at Scotiabank from C$83.00 to C$98.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 12.49% from the stock’s previous close.

A number of other analysts have also recently weighed in on LNR. TD Securities increased their price target on Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. CIBC upped their price objective on Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$90.60.

Linamar Trading Down 1.2%

Linamar stock opened at C$87.12 on Tuesday. Linamar has a 1 year low of C$43.84 and a 1 year high of C$90.71. The firm’s 50-day moving average is C$83.33 and its 200-day moving average is C$76.82. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The company has a market cap of C$5.21 billion, a P/E ratio of 21.15, a PEG ratio of 1.12 and a beta of 1.63.

Linamar (TSE:LNR) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. The business had revenue of C$2.54 billion during the quarter. On average, equities analysts expect that Linamar will post 11.4332724 earnings per share for the current year.

Insider Transactions at Linamar

In related news, insider Alexander Drolc sold 427 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total value of C$37,576.00. 33.49% of the stock is owned by company insiders.

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.