Linamar (TSE:LNR) Given New C$110.00 Price Target at Canadian Imperial Bank of Commerce

Linamar (TSE:LNR) had its price target raised by Canadian Imperial Bank of Commerce from C$105.00 to C$110.00 in a report published on Thursday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on LNR. Raymond James Financial reduced 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 report on Thursday, April 16th. TD Securities raised their target price 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. TD raised their target price on shares of Linamar from C$114.00 to C$116.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Scotiabank reduced their target price on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Three investment 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 an average price target of C$102.57.

Linamar Trading Up 5.1%

Shares of TSE:LNR opened at C$95.31 on Thursday. The stock has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.12 and a beta of 1.68. Linamar has a 1-year low of C$55.67 and a 1-year high of C$98.65. The company has a debt-to-equity ratio of 34.42, a quick ratio of 0.75 and a current ratio of 1.73. The company has a 50 day moving average price of C$87.26 and a 200 day moving average price of C$84.47.

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

Trending Headlines about Linamar

Here are the key news stories impacting Linamar this week:

• Positive Sentiment: Q1 results showed C$3.28 EPS on C$2.94 billion revenue, with a 5.71% net margin and 9.92% ROE — results that support the bull case and likely drove intraday buying. Read More. Read More. Read More.
• Positive Sentiment: TD raised its price target to C$119 and moved to a “buy” rating — the largest stated upside among the broker actions and a clear catalyst for increased investor interest. Read More.
• Positive Sentiment: CIBC raised its target to C$110 (14.5% implied upside vs. the reference price), a solid upgrade that reinforces institutional confidence in the company’s near‑term outlook. Read More.
• Neutral Sentiment: Raymond James lifted its target from C$90 to C$100 but kept a “market perform” rating — a modest upside revision that is supportive but not strongly bullish. Read More.
• Neutral Sentiment: Scotia raised its target to C$99 and retained a “sector perform” rating; another modest upgrade that contributes to positive analyst momentum but is not a decisive buy signal. Read More.

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.