Scotiabank Has Pessimistic View of Linamar FY2026 Earnings

Key Points

• Scotiabank cut its FY2026 EPS estimate for Linamar to $11.12 from $11.52 and kept a "Sector Perform" rating with a $96.00 target, below the consensus EPS of $11.43.
• Analyst views are mixed: TD Securities raised its target to C$116 with a "buy" rating while Raymond James cut its objective to C$90, leaving a consensus "Moderate Buy" and an average price target of C$100.17.
• Linamar shares trade around C$91.17 (1‑year range C$51.33–C$98.65) with a P/E of 9.37 and last quarter EPS of C$2.28, highlighting current valuation and recent operating results.

Linamar Co. (TSE:LNR - Free Report) - Stock analysts at Scotiabank dropped their FY2026 earnings per share estimates for Linamar in a research note issued on Friday, May 1st. Scotiabank analyst J. Goldman now expects that the company will post earnings of $11.12 per share for the year, down from their prior estimate of $11.52. Scotiabank currently has a "Sector Perform" rating and a $96.00 target price on the stock. The consensus estimate for Linamar's current full-year earnings is $11.43 per share.

Other analysts have also issued reports about the company. Canadian Imperial Bank of Commerce lifted their target price on Linamar from C$99.00 to C$105.00 in a research report on Friday, March 6th. TD Securities lifted their target price on Linamar from C$103.00 to C$114.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. TD lifted their target price on Linamar from C$114.00 to C$116.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. Finally, Raymond James Financial lowered their price objective on Linamar from C$100.00 to C$90.00 and set a "market perform" rating for the company in a report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$100.17.

Linamar Stock Up 1.8%

Shares of TSE LNR opened at C$91.17 on Tuesday. Linamar has a 1 year low of C$51.33 and a 1 year high of C$98.65. The firm has a market cap of C$5.42 billion, a price-to-earnings ratio of 9.37, a PEG ratio of 1.12 and a beta of 1.58. 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 stock's 50-day simple moving average is C$87.38 and its 200-day simple moving average is C$84.03.

Linamar (TSE:LNR - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share (EPS) for the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%.The business had revenue of C$2.52 billion for the quarter.

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.

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