Linamar (TSE:LNR – Get Free Report) had its price target dropped by equities research analysts at TD Securities from C$92.00 to C$89.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 41.25% from the company’s previous close.
LNR has been the topic of a number of other reports. CIBC lowered their price target on shares of Linamar from C$92.00 to C$88.00 in a research report on Friday, August 9th. BMO Capital Markets decreased their price target on shares of Linamar from C$90.00 to C$80.00 in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$84.20.
Check Out Our Latest Stock Report on Linamar
Linamar Trading Down 1.4 %
Linamar (TSE:LNR – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.70 by C$0.36. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The company had revenue of C$2.85 billion during the quarter, compared to the consensus estimate of C$2.92 billion. Equities research analysts forecast that Linamar will post 11.4332724 earnings per share for the current fiscal 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.
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