Research Analysts’ Weekly Ratings Updates for Linamar (LNR)

Linamar (TSE: LNR) recently received a number of ratings updates from brokerages and research firms:

• 11/14/2024 – Linamar had its price target lowered by analysts at Raymond James from C$74.00 to C$70.00.
• 11/14/2024 – Linamar had its price target lowered by analysts at CIBC from C$85.00 to C$84.00.
• 11/13/2024 – Linamar was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$68.00 price target on the stock, down previously from C$89.00.
• 11/13/2024 – Linamar had its price target lowered by analysts at BMO Capital Markets from C$80.00 to C$75.00.
• 11/8/2024 – Linamar had its price target lowered by analysts at CIBC from C$88.00 to C$85.00.
• 10/29/2024 – Linamar was downgraded by analysts at Scotiabank from an “outperform” rating to a “sector perform” rating. They now have a C$77.00 price target on the stock, down previously from C$86.00.

Linamar Stock Performance

Linamar stock traded up C$0.03 during midday trading on Tuesday, reaching C$62.46. 50,828 shares of the company traded hands, compared to its average volume of 105,055. The business has a 50 day moving average of C$61.70 and a two-hundred day moving average of C$64.51. The firm has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. Linamar Co. has a 12 month low of C$54.95 and a 12 month high of C$73.84.

Linamar (TSE:LNR) last released its earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The company had revenue of C$2.64 billion for the quarter, compared to analysts’ expectations of C$2.75 billion. As a group, research analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current year.

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.