Scotiabank Has Negative Forecast for Linamar FY2026 Earnings

Linamar Co. (TSE:LNR) – Investment analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Linamar in a report issued on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $11.72 for the year, down from their previous forecast of $11.90. Scotiabank has a “Sector Perform” rating and a $114.00 price objective on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Scotiabank also issued estimates for Linamar’s FY2027 earnings at $12.98 EPS.

A number of other research analysts have also issued reports on the stock. TD decreased their target price on shares of Linamar from C$123.00 to C$120.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce lifted their price target on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Finally, BMO Capital Markets cut Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price target for the company. in a research note on Friday, September 18th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Linamar presently has a consensus rating of “Hold” and an average price target of C$110.29.

Linamar Price Performance

Shares of Linamar stock opened at C$88.48 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89. The stock has a market capitalization of C$5.22 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. Linamar has a twelve month low of C$73.27 and a twelve month high of C$110.58. The company has a 50-day simple moving average of C$97.65 and a two-hundred day simple moving average of C$97.74.

Insider Transactions at Linamar

In related news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the transaction, the director directly owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. This trade represents a 3.99% decrease in their ownership of the stock. 33.49% of the stock is owned by company insiders.

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.