TD Securities Increases Linamar (TSE:LNR) Price Target to C$103.00

Linamar (TSE:LNR) had its target price upped by investment analysts at TD Securities from C$96.00 to C$103.00 in a report released on Thursday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 16.28% from the company’s current price.

Other equities research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Scotiabank upped their price target on shares of Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$92.00.

Linamar Stock Performance

Shares of LNR stock opened at C$88.58 on Thursday. The stock has a market capitalization of C$5.30 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 1.12 and a beta of 1.60. Linamar has a one year low of C$43.84 and a one year high of C$91.43. The company’s 50-day simple moving average is C$84.51 and its 200-day simple moving average is C$77.74. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79.

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

Insider Transactions at Linamar

In related news, insider Alexander Drolc sold 427 shares of Linamar stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total transaction of C$37,576.00. 33.49% of the stock is currently owned by 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.