Linamar Co. (TSE:LNR – Free Report) – Research analysts at Scotiabank dropped their FY2027 EPS estimates for Linamar in a report issued on Wednesday, August 19th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings of $13.47 per share for the year, down from their previous estimate of $13.57. Scotiabank has a “Sector Perform” rating and a $114.00 price target on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.
LNR has been the subject of a number of other research reports. Raymond James Financial upped their price objective on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research note on Thursday, May 7th. TD lifted their price target on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce lifted their target price on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. Finally, Scotia increased their target price on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$111.67.
Linamar Stock Performance
Shares of TSE LNR opened at C$104.60 on Friday. The stock’s 50-day moving average is C$102.70 and its 200 day moving average is C$95.38. The stock has a market cap of C$6.17 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.12 and a beta of 1.71. Linamar has a 1-year low of C$70.00 and a 1-year high of C$108.29. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89.
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.
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