Linamar Co. (TSE:LNR) had its price target decreased by investment analysts at TD Securities from C$73.00 to C$72.00 in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 6.09% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. CIBC raised their price target on Linamar from C$65.00 to C$69.00 in a report on Friday, May 12th. Royal Bank Of Canada raised their price target on Linamar from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Thursday, May 11th. Finally, Scotiabank raised their price target on Linamar from C$80.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Linamar presently has a consensus rating of “Hold” and a consensus price target of C$74.00.
Shares of Linamar (LNR) traded down 0.93% during midday trading on Thursday, reaching $67.24. 159,375 shares of the company’s stock traded hands. The firm has a market capitalization of $4.39 billion and a P/E ratio of 8.20. Linamar has a 52-week low of $47.00 and a 52-week high of $69.87. The stock’s 50 day moving average price is $65.70 and its 200 day moving average price is $61.21.
Linamar (TSE:LNR) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.10. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Linamar had a return on equity of 21.77% and a net margin of 8.76%. On average, equities research analysts anticipate that Linamar will post $8.20 EPS for the current fiscal year.
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In related news, insider Jose Manuel Chaves bought 2,000 shares of Linamar stock in a transaction on Friday, July 7th. The shares were purchased at an average price of C$63.16 per share, for a total transaction of C$126,320.00. Also, insider Kenneth Mcdougall sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of C$62.10, for a total value of C$248,400.00.
Linamar Company Profile
Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, United States, the Asia Pacific, Mexico, and Europe. It operates through two segments, Powertrain/Driveline and Industrial. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.
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