What is Scotiabank's Estimate for Linamar FY2027 Earnings?

Key Points

• Scotiabank lowered its FY2027 EPS estimate for Linamar to $13.47 from $13.57, while maintaining a “Sector Perform” rating and a $114.00 price target.
• Linamar opened at C$104.60, down 0.4%, with shares trading between a 12-month range of C$70.00 and C$108.29.
• Analyst sentiment remains positive overall, with three Buy and three Hold ratings producing a “Moderate Buy” consensus and an average target price of C$111.67.

Linamar Co. (TSE:LNR - Free Report) - Stock analysts at Scotiabank decreased their FY2027 EPS estimates for Linamar in a report released on Wednesday, August 19th. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $13.47 for the year, down from their previous forecast of $13.57. Scotiabank currently has a "Sector Perform" rating and a $114.00 target price on the stock. The consensus estimate for Linamar's current full-year earnings is $11.43 per share.

Several other equities research 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 report on Thursday, May 7th. Raymond James Financial lifted their price target on Linamar from C$90.00 to C$100.00 and gave the company a "market perform" rating in a research report on Thursday, May 7th. TD boosted their price objective on Linamar from C$119.00 to C$123.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Linamar from C$115.00 to C$120.00 in a report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Linamar presently has an average rating of "Moderate Buy" and a consensus target price of C$111.67.

Linamar Stock Down 0.4%

LNR opened at C$104.60 on Friday. Linamar has a 12 month low of C$70.00 and a 12 month high of C$108.29. The company has a market cap of C$6.17 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.71. 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 50 day moving average of C$102.70 and a 200 day moving average of C$95.38.

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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