TD Securities Raises Linamar (TSE:LNR) Price Target to C$114.00

Linamar (TSE:LNR) had its price target lifted by TD Securities from C$103.00 to C$114.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 28.90% from the company’s current price.

A number of other research firms also recently weighed in on LNR. Raymond James Financial upped their price objective on Linamar from C$85.00 to C$100.00 in a report on Thursday. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Scotiabank boosted their target price on shares of Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$99.40.

Linamar Price Performance

LNR stock opened at C$88.44 on Thursday. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 35.80. The company has a market capitalization of C$5.29 billion, a P/E ratio of 21.47, a PEG ratio of 1.12 and a beta of 1.72. The business has a 50 day simple moving average of C$89.17 and a 200-day simple moving average of C$81.03. Linamar has a twelve month low of C$43.84 and a twelve month high of C$98.65.

Linamar (TSE:LNR) last announced its earnings results on Wednesday, March 4th. The company reported C$2.28 EPS for the quarter. Linamar had a net margin of 2.39% and a return on equity of 4.22%. The business had revenue of C$2.52 billion for the quarter. As a group, equities analysts anticipate that Linamar will post 11.4332724 EPS for the current year.

Insider Activity

In related news, insider Alexander Drolc sold 427 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total transaction of C$37,576.00. 33.49% of the stock is owned by corporate insiders.

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.