Linamar (TSE:LNR) Price Target Cut to C$75.00 by Analysts at BMO Capital Markets

Linamar (TSE:LNRFree Report) had its target price lowered by BMO Capital Markets from C$80.00 to C$75.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other brokerages have also recently commented on LNR. TD Securities lowered their price target on shares of Linamar from C$92.00 to C$89.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Scotiabank lowered shares of Linamar from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. Finally, CIBC dropped their target price on shares of Linamar from C$88.00 to C$85.00 in a research report on Friday, November 8th.

Read Our Latest Stock Analysis on LNR

Linamar Stock Down 1.0 %

TSE:LNR opened at C$59.88 on Wednesday. The company has a market cap of C$3.69 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The stock’s fifty day moving average price is C$61.72 and its two-hundred day moving average price is C$65.00. Linamar has a 52-week low of C$54.95 and a 52-week high of C$73.84.

Linamar (TSE:LNRGet Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.15 by C$0.20. The business had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%. On average, analysts anticipate that Linamar will post 11.4332724 EPS for the current year.

About Linamar

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Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.

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