Linamar (TSE:LNR) Reaches New 1-Year High Following Analyst Upgrade

Key Points

• Linamar hit a new 52-week high after Raymond James raised its price target to C$100 (stock traded as high as C$98.29, up from a C$90.66 close).
• Several analysts lifted targets (most bullish: TD to C$119, CIBC to C$110, Scotia to C$99), leaving a split of three Buy and three Hold ratings and an average price target of C$102.57 with a "Moderate Buy" consensus.
• Latest quarter showed C$3.28 EPS on C$2.94 billion revenue (net margin 5.71%), and the shares trade at about a P/E of 9.8 with a market cap near C$5.67 billion.

Linamar Co. (TSE:LNR - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday after Raymond James Financial raised their price target on the stock from C$90.00 to C$100.00. Raymond James Financial currently has a market perform rating on the stock. Linamar traded as high as C$98.29 and last traded at C$96.72, with a volume of 104993 shares. The stock had previously closed at C$90.66.

Several other equities research analysts also recently weighed in on LNR. Scotia lifted their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a "sector perform" rating in a research note on Thursday. TD Securities lifted their price target on shares of Linamar from C$103.00 to C$114.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Scotiabank decreased their price target on shares of 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 lifted their price target on shares of Linamar from C$116.00 to C$119.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Linamar from C$105.00 to C$110.00 in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Linamar has an average rating of "Moderate Buy" and an average price target of C$102.57.

Key Headlines Impacting Linamar

Here are the key news stories impacting Linamar this week:

• Positive Sentiment: TD raised its price target from C$116.00 to C$119.00 and kept a "buy" rating, implying about a 23.9% upside from the cited reference price — the most bullish of the updates and likely a key driver of buying interest. BayStreet.CA
• Positive Sentiment: Canadian Imperial Bank of Commerce lifted its target from C$105.00 to C$110.00 (about 14.5% upside from the cited reference price), signaling stronger mid‑term expectations for Linamar. BayStreet.CA
• Positive Sentiment: Scotiabank raised its target from C$96.00 to C$99.00 and maintained a "sector perform" view, a modest upgrade that supports the near-term technical momentum. BayStreet.CA
• Positive Sentiment: Raymond James increased its target to C$100.00 from C$90.00 and kept a "market perform" rating — another upward revision that contributes to consensus target increases. BayStreet.CA
• Neutral Sentiment: Linamar reported quarterly results: C$3.28 EPS on C$2.94 billion revenue, with a net margin of 5.71% and ROE of 9.92%. Results and the accompanying slide deck/call justify the analyst revisions but, absent a clear beat/guide lift in the summary provided, the earnings item is supportive yet not unambiguously transformative. Earnings Report

Linamar Trading Up 5.1%

The company has a quick ratio of 0.75, a current ratio of 1.73 and a debt-to-equity ratio of 34.42. The firm's 50-day moving average price is C$87.25 and its 200 day moving average price is C$84.31. The company has a market capitalization of C$5.67 billion, a P/E ratio of 9.80, a P/E/G ratio of 1.12 and a beta of 1.68.

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