Linamar (TSE:LNR) PT Lowered to C$97.00

Linamar (TSE:LNR) had its price target lowered by BMO Capital Markets from C$102.00 to C$97.00 in a report published on Wednesday morning, Analyst Ratings Network reports. The brokerage currently has a na rating on the stock.

A number of other brokerages have also weighed in on LNR. TD Securities reduced their price target on Linamar from C$105.00 to C$98.00 and set a buy rating on the stock in a research note on Wednesday, July 21st. CIBC reaffirmed an outperform rating and issued a C$99.00 target price on shares of Linamar in a research report on Friday, August 13th.

Shares of Linamar stock opened at C$66.35 on Wednesday. Linamar has a fifty-two week low of C$37.15 and a fifty-two week high of C$91.98. The firm has a market cap of C$4.34 billion and a PE ratio of 8.68. The business’s fifty day moving average is C$70.98 and its two-hundred day moving average is C$74.71. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 20.70.

Linamar (TSE:LNR) last issued its quarterly earnings results on Wednesday, August 11th. The company reported C$1.63 earnings per share for the quarter. The business had revenue of C$1.58 billion for the quarter. Equities research analysts anticipate that Linamar will post 8.3400004 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Monday, August 23rd were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, August 20th. Linamar’s dividend payout ratio (DPR) is currently 6.54%.

In related news, insider Elaine Wright sold 2,100 shares of the stock in a transaction on Monday, August 16th. The stock was sold at an average price of C$72.44, for a total value of C$152,114.13.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North America, Europe, and the Asia Pacific. It operates through two segments, Transportation and Industrial. The Transportation segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.

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