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

Linamar (TSE:LNR) had its price objective lifted by Scotiabank from C$99.00 to C$102.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential downside of 3.91% from the stock’s current price.

Several other research analysts have also commented on LNR. Canadian Imperial Bank of Commerce lifted their price objective on shares of Linamar from C$110.00 to C$115.00 in a research note on Tuesday, July 14th. Raymond James Financial increased their target price on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. TD raised their target price on shares of Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Scotia lifted their price target on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$104.14.

Linamar Price Performance

TSE:LNR opened at C$106.15 on Monday. The firm has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.12 and a beta of 1.72. Linamar has a 1 year low of C$65.60 and a 1 year high of C$107.12. The business has a 50 day simple moving average of C$100.82 and a 200-day simple moving average of C$92.62. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75.

Linamar (TSE:LNR) last released its earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The firm had revenue of C$2.94 billion for the quarter. Equities analysts forecast that Linamar will post 11.4332724 EPS for the current year.

Insider Transactions at Linamar

In related news, insider Csaba Havasi sold 3,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the completion of the transaction, the insider owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their position. 33.49% of the stock is currently owned by insiders.

About Linamar

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.