Scotiabank Has Negative Outlook for Linamar FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Linamar to C$11.72 from C$11.90, while maintaining a “Sector Perform” rating and C$114 price target. Its FY2027 EPS estimate is C$12.98, compared with the current FY2026 consensus of C$11.43.
• Analyst sentiment is mixed: Linamar has a consensus “Hold” rating from seven analysts, with an average price target of C$110.29.
• Linamar shares opened at C$88.48, below their 50-day and 200-day moving averages of roughly C$97.65–C$97.74. A company director also sold 18,932 shares for approximately C$2.0 million, reducing his stake by 3.99%.

Linamar Co. (TSE:LNR - Free Report) - Analysts at Scotiabank decreased their FY2026 earnings estimates for Linamar in a research note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now forecasts that the company will earn $11.72 per share for the year, down from their previous estimate of $11.90. Scotiabank has a "Sector Perform" rating and a $114.00 price objective on the stock. The consensus estimate for Linamar's current full-year earnings is $11.43 per share. Scotiabank also issued estimates for Linamar's FY2027 earnings at $12.98 EPS.

LNR has been the topic of several other research reports. TD cut their price objective on Linamar from C$123.00 to C$120.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Canadian Imperial Bank of Commerce lifted their price target on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. Finally, BMO Capital Markets downgraded Linamar from an "outperform" rating to a "hold" rating and set a C$105.00 price objective for the company. in a report on Friday, September 18th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$110.29.

Linamar Stock Performance

Shares of Linamar stock opened at C$88.48 on Friday. The stock's fifty day simple moving average is C$97.65 and its 200 day simple moving average is C$97.74. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. The company has a market capitalization of C$5.22 billion, a PE ratio of 7.72, a PEG ratio of 1.12 and a beta of 1.62. Linamar has a 12 month low of C$73.27 and a 12 month high of C$110.58.

Insider Activity at Linamar

In related news, Director Mark Stoddart sold 18,932 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the transaction, the director directly owned 455,914 shares of the company's stock, valued at approximately C$48,135,400.12. The trade was a 3.99% decrease in their position. Corporate insiders own 33.49% of the company's stock.

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.

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