TD Securities Issues Positive Forecast for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its price objective increased by research analysts at TD Securities from C$96.00 to C$103.00 in a research note issued on Thursday,BayStreet.CA reports. TD Securities’ price objective would indicate a potential upside of 18.01% from the company’s previous close.

Several other research firms also recently commented on LNR. Scotiabank increased their price objective on Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a report on Tuesday, January 27th. CIBC increased their price target on shares of Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Linamar presently has a consensus rating of “Moderate Buy” and an average price target of C$92.00.

Linamar Stock Down 2.9%

Shares of LNR stock traded down C$2.57 during trading on Thursday, reaching C$87.28. The company’s stock had a trading volume of 162,799 shares, compared to its average volume of 107,086. Linamar has a one year low of C$43.84 and a one year high of C$91.43. The business has a fifty day moving average price of C$84.17 and a 200-day moving average price of C$77.53. The company has a market cap of C$5.22 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 1.12 and a beta of 1.60. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84.

Linamar (TSE:LNR) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C$2.51 earnings per share (EPS) for the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. The firm had revenue of C$2.54 billion for the quarter. Analysts anticipate that Linamar will post 11.4332724 earnings per share for the current year.

Insider Activity at Linamar

In other Linamar news, insider Alexander Drolc sold 427 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00. Insiders own 33.49% of the company’s stock.

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.