Linamar (TSE:LNR – Get Free Report) had its target price decreased by analysts at CIBC from C$91.50 to C$90.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 39.25% from the stock’s previous close.
Separately, Scotiabank boosted their target price on Linamar from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$82.20.
Linamar Stock Up 0.0 %
Linamar (TSE:LNR – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$1.98 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.75 by C$0.23. The company had revenue of C$2.45 billion for the quarter, compared to the consensus estimate of C$2.40 billion. Linamar had a return on equity of 9.93% and a net margin of 5.17%. Equities analysts forecast that Linamar will post 10.0864553 earnings per share for the current fiscal year.
Insider Transactions at Linamar
In other news, Senior Officer Michael Willard Russell sold 2,022 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$69.18, for a total value of C$139,881.96. 35.92% of the stock is owned by company insiders.
About Linamar
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 powered vehicle markets.
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