Linamar (TSE:LNR – Get Free Report) had its price target cut by equities research analysts at TD Securities from C$97.00 to C$95.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 39.23% from the company’s current price.
Several other brokerages have also recently issued reports on LNR. Raymond James lifted their target price on Linamar from C$70.00 to C$74.00 in a research report on Thursday, May 9th. Scotiabank boosted their price objective on Linamar from C$85.00 to C$90.00 in a research report on Thursday, May 9th. CIBC lifted their price objective on Linamar from C$90.00 to C$92.00 in a report on Thursday, May 9th. Finally, BMO Capital Markets boosted their price objective on Linamar from C$80.00 to C$90.00 in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Linamar currently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.20.
View Our Latest Research Report on LNR
Linamar Trading Up 1.6 %
Linamar (TSE:LNR – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$2.59 EPS for the quarter, beating the consensus estimate of C$2.12 by C$0.47. The firm had revenue of C$2.72 billion during the quarter, compared to the consensus estimate of C$2.70 billion. Linamar had a return on equity of 10.76% and a net margin of 5.55%. On average, equities research analysts predict that Linamar will post 10.703876 EPS for the current year.
About Linamar
Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.
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