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

Linamar (TSE:LNR) had its target price upped by investment analysts at TD from C$116.00 to C$119.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price points to a potential upside of 24.06% from the stock’s current price.

Several other research analysts have also commented on the company. Canadian Imperial Bank of Commerce lifted their target price on Linamar from C$105.00 to C$110.00 in a research report on Thursday. Scotiabank dropped their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. TD Securities lifted their price objective on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Raymond James Financial lowered their target price on shares of Linamar from C$100.00 to C$90.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$102.57.

Linamar Stock Up 5.8%

Shares of Linamar stock traded up C$5.26 during trading on Thursday, reaching C$95.92. The company had a trading volume of 173,372 shares, compared to its average volume of 122,692. The company has a debt-to-equity ratio of 34.42, a quick ratio of 0.75 and a current ratio of 1.73. Linamar has a fifty-two week low of C$55.67 and a fifty-two week high of C$98.65. The firm’s fifty day moving average is C$87.25 and its 200-day moving average is C$84.31. The company has a market cap of C$5.70 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68.

Linamar (TSE:LNR) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. The business had revenue of C$2.94 billion during the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%. On average, analysts anticipate that Linamar will post 11.4332724 EPS for the current 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.