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

Linamar (TSE:LNR) had its target price boosted by Scotiabank from C$83.00 to C$98.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other research firms also recently commented on LNR. TD Securities upped their price objective on shares of Linamar from C$85.00 to C$96.00 in a report on Thursday, November 13th. CIBC boosted their target price on shares of Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$90.60.

Linamar Stock Performance

Shares of LNR opened at C$88.21 on Tuesday. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The stock has a 50-day moving average of C$83.15 and a two-hundred day moving average of C$76.75. The stock has a market cap of C$5.28 billion, a P/E ratio of 21.41, a P/E/G ratio of 1.12 and a beta of 1.63. Linamar has a one year low of C$43.84 and a one year high of C$90.71.

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

Insiders Place Their Bets

In other Linamar news, insider Alexander Drolc sold 427 shares of the company’s 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.