Linamar (TSE:LNR) Given New C$90.00 Price Target at Raymond James Financial

Linamar (TSE:LNR) had its price objective decreased by Raymond James Financial from C$100.00 to C$90.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Other analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their price objective on Linamar from C$99.00 to C$105.00 in a research note on Friday, March 6th. TD Securities raised their price objective on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Scotiabank raised their price objective on Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$97.40.

Linamar Stock Up 3.6%

TSE:LNR opened at C$80.50 on Thursday. Linamar has a 12-month low of C$46.61 and a 12-month high of C$98.65. The company has a quick ratio of 0.75, a current ratio of 1.73 and a debt-to-equity ratio of 34.42. The firm has a market capitalization of C$4.79 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.12 and a beta of 1.58. The stock’s fifty day simple moving average is C$88.69 and its 200-day simple moving average is C$83.09.

Linamar (TSE:LNR) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share (EPS) for the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%.The business had revenue of C$2.52 billion for the quarter. Equities research analysts expect that Linamar will post 11.4332724 earnings per share for the current year.

About Linamar

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.