Scotiabank Issues Pessimistic Forecast for Linamar Earnings

Key Points

• Scotiabank cut its FY2027 EPS estimate for Linamar to $12.97 from $13.51, while maintaining a "Sector Perform" rating and a $96.00 price target, versus the consensus full‑year estimate of $11.43 per share.
• Analyst views are mixed but overall positive, with three Buys and two Holds giving a consensus rating of "Moderate Buy" and an average price target of C$100.17, while the stock trades around C$89.58 with a P/E of 9.21 and a C$5.33 billion market cap.

Linamar Co. (TSE:LNR - Free Report) - Scotiabank cut their FY2027 earnings per share estimates for Linamar in a research note issued to investors on Friday, May 1st. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $12.97 for the year, down from their prior forecast of $13.51. Scotiabank has a "Sector Perform" rating and a $96.00 price target on the stock. The consensus estimate for Linamar's current full-year earnings is $11.43 per share.

Several other brokerages also recently weighed in on LNR. Raymond James Financial lowered their target price on shares of Linamar from C$100.00 to C$90.00 and set a "market perform" rating for the company in a research note on Thursday, April 16th. TD Securities upped their price target 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 increased their price objective on Linamar from C$114.00 to C$116.00 and gave the company a "buy" rating in a report on Tuesday, April 21st. Finally, Canadian Imperial Bank of Commerce raised their price objective on Linamar from C$99.00 to C$105.00 in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Linamar presently has a consensus rating of "Moderate Buy" and an average price target of C$100.17.

Linamar Price Performance

Shares of Linamar stock opened at C$89.58 on Monday. 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 company has a market cap of C$5.33 billion, a P/E ratio of 9.21, a PEG ratio of 1.12 and a beta of 1.58. The firm's 50 day moving average price is C$87.38 and its 200-day moving average price is C$84.03. Linamar has a 52-week low of C$51.33 and a 52-week high of C$98.65.

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

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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