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

Linamar (TSE:LNR) had its price target lifted by TD from C$114.00 to C$116.00 in a research note published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Raymond James Financial lowered their price objective on Linamar from C$100.00 to C$90.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Canadian Imperial Bank of Commerce lifted their target price on Linamar from C$99.00 to C$105.00 in a report on Friday, March 6th. Scotiabank boosted their price target 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. Finally, TD Securities upped their price target on Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Linamar currently has a consensus rating of “Moderate Buy” and an average target price of C$100.50.

Linamar Stock Down 0.0%

TSE:LNR opened at C$84.16 on Tuesday. The company has a debt-to-equity ratio of 34.42, a quick ratio of 0.75 and a current ratio of 1.73. The firm has a market cap of C$5.00 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.12 and a beta of 1.58. Linamar has a fifty-two week low of C$47.62 and a fifty-two week high of C$98.65. The firm has a 50-day simple moving average of C$88.37 and a two-hundred day simple moving average of C$83.38.

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

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.