Linamar (TSE:LNR) Price Target Raised to C$100.00

Key Points

• Raymond James raised its price target on Linamar to C$100.00 (from C$90.00) with a "market perform" rating, and the analyst consensus is a Moderate Buy with an average target of C$102.57 (three Buy, three Hold).
• Linamar shares traded at C$96.03 (up C$5.37) with a 12‑month range of C$55.67–C$98.65; the company has a market cap of C$5.71 billion and a PE ratio of 9.87.
• In the latest quarter Linamar reported C$3.28 EPS on C$2.94 billion of revenue, and analysts forecast about C$11.43 EPS for the current fiscal year.

Linamar (TSE:LNR - Get Free Report) had its target price lifted by equities researchers at Raymond James Financial from C$90.00 to C$100.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "market perform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 4.13% from the company's current price.

A number of other equities analysts also recently issued reports on the company. Scotia increased their target price on Linamar from C$96.00 to C$99.00 and gave the stock a "sector perform" rating in a research note on Thursday. Scotiabank cut their target price on Linamar from C$99.00 to C$96.00 and set a "sector perform" rating for the company in a research note on Friday, April 24th. TD increased their target price on Linamar from C$116.00 to C$119.00 and gave the stock a "buy" rating in a research note on Thursday. TD Securities increased their target price on Linamar from C$103.00 to C$114.00 and gave the stock a "buy" rating in a research note on Thursday, March 5th. Finally, Canadian Imperial Bank of Commerce increased their target price on Linamar from C$105.00 to C$110.00 in a research note on Thursday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$102.57.

Linamar Stock Performance

Linamar stock traded up C$5.37 during mid-day trading on Thursday, reaching C$96.03. 188,873 shares of the company were exchanged, compared to its average volume of 122,848. Linamar has a twelve month low of C$55.67 and a twelve month high of C$98.65. The firm's 50-day simple moving average is C$87.25 and its two-hundred day simple moving average is C$84.31. The company has a debt-to-equity ratio of 34.42, a quick ratio of 0.75 and a current ratio of 1.73. The firm has a market cap of C$5.71 billion, a PE ratio of 9.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68.

Linamar (TSE:LNR - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share for the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%.The company had revenue of C$2.94 billion during the quarter. Equities analysts predict that Linamar will post 11.4332724 earnings per share for the current fiscal year.

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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