Linamar (TSE:LNR) Given New C$70.00 Price Target at Raymond James

Linamar (TSE:LNR) had its price objective cut by Raymond James from C$74.00 to C$70.00 in a report issued on Thursday morning,BayStreet.CA reports. Raymond James also issued estimates for Linamar’s Q3 2024 earnings at $2.15 EPS, Q4 2024 earnings at $2.09 EPS, FY2024 earnings at $9.64 EPS and Q3 2025 earnings at $2.26 EPS.

Several other analysts also recently issued reports on LNR. BMO Capital Markets cut their price target on Linamar from C$80.00 to C$75.00 in a report on Wednesday, November 13th. CIBC reduced their target price on shares of Linamar from C$85.00 to C$84.00 in a research note on Thursday. TD Securities lowered Linamar from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$89.00 to C$68.00 in a research report on Wednesday, November 13th. Finally, Scotiabank lowered Linamar from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$86.00 to C$77.00 in a report on Tuesday, October 29th.

Linamar Stock Up 0.4 %

LNR stock opened at C$61.23 on Thursday. The firm has a market cap of C$3.77 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.12 and a beta of 1.41. Linamar has a 1-year low of C$54.95 and a 1-year high of C$73.84. The firm has a fifty day moving average price of C$61.67 and a two-hundred day moving average price of C$64.93. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75.

Linamar (TSE:LNR) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.15 by C$0.20. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The business had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. Research analysts predict that Linamar will post 11.4332724 EPS for the current year.

Linamar Company Profile

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.