Linamar Co. (TSE:LNR – Free Report) – Raymond James cut their Q3 2024 earnings per share estimates for shares of Linamar in a report issued on Thursday, November 7th. Raymond James analyst M. Glen now forecasts that the company will post earnings of $2.15 per share for the quarter, down from their previous forecast of $2.39. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share. Raymond James also issued estimates for Linamar’s Q4 2024 earnings at $2.09 EPS.
LNR has been the topic of a number of other reports. CIBC lowered their price objective on shares of Linamar from C$88.00 to C$85.00 in a research report on Friday, November 8th. TD Securities lowered their target price on shares of Linamar from C$92.00 to C$89.00 and set a “buy” rating on the stock in a report on Monday, September 30th. BMO Capital Markets reduced their price objective on shares of Linamar from C$90.00 to C$80.00 in a research report on Friday, August 9th. Finally, Scotiabank cut Linamar from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$86.00 to C$77.00 in a research report on Tuesday, October 29th.
Linamar Trading Up 1.0 %
Shares of LNR stock opened at C$60.48 on Monday. Linamar has a twelve month low of C$54.95 and a twelve month high of C$73.84. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32. The business’s 50 day moving average is C$61.79 and its two-hundred day moving average is C$65.04. The company has a market capitalization of C$3.72 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.
About Linamar
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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