TD Securities Forecasts Strong Price Appreciation for Linamar (TSE:LNR) Stock

Linamar (TSE:LNR) had its target price lifted by TD Securities from C$96.00 to C$103.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 18.01% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. CIBC upped their price objective on shares of Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Scotiabank boosted their target price on shares of Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Linamar currently has an average rating of “Moderate Buy” and a consensus target price of C$92.00.

Linamar Stock Performance

Linamar stock traded down C$2.57 during midday trading on Thursday, hitting C$87.28. The company’s stock had a trading volume of 162,799 shares, compared to its average volume of 107,086. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75. The company has a market cap of C$5.22 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.12 and a beta of 1.60. Linamar has a 1-year low of C$43.84 and a 1-year high of C$91.43. The company has a 50-day moving average price of C$84.17 and a two-hundred day moving average price of C$77.53.

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

Insider Transactions at Linamar

In other Linamar news, insider Alexander Drolc sold 427 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total transaction of C$37,576.00. 33.49% of the stock is currently owned by corporate insiders.

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.