Linamar (TSE:LNR) Price Target Cut to C$47.00 by Analysts at TD Securities

Linamar (TSE:LNR) had its price objective decreased by equities research analysts at TD Securities from C$48.00 to C$47.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 10.20% from the company’s current price.

LNR has been the topic of a number of other research reports. CIBC lowered shares of Linamar from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$56.00 to C$48.00 in a report on Friday, October 4th. BMO Capital Markets lowered their target price on shares of Linamar from C$56.00 to C$45.00 in a report on Friday, August 9th.

LNR opened at C$42.65 on Monday. The company has a debt-to-equity ratio of 60.62, a current ratio of 2.00 and a quick ratio of 1.30. Linamar has a fifty-two week low of C$35.33 and a fifty-two week high of C$56.64. The firm has a market capitalization of $2.78 billion and a PE ratio of 5.42. The company’s 50-day moving average is C$41.53 and its 200 day moving average is C$44.48.

Linamar (TSE:LNR) last posted its earnings results on Thursday, August 8th. The company reported C$2.40 earnings per share for the quarter. The business had revenue of C$2.09 billion during the quarter. As a group, analysts expect that Linamar will post 7.0937239 EPS for the current year.

In other news, insider Linamar Corporation acquired 60,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of C$38.66 per share, for a total transaction of C$2,319,786.00. Following the purchase, the insider now owns 180,000 shares in the company, valued at approximately C$6,959,358. In the last quarter, insiders acquired 240,000 shares of company stock valued at $9,531,084.

About Linamar

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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