BMO Capital Markets Lowers Linamar (TSE:LNR) Price Target to C$75.00

Linamar (TSE:LNR) had its target price dropped by analysts at BMO Capital Markets from C$80.00 to C$75.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 22.99% from the company’s current price.

LNR has been the subject of several other reports. TD Securities dropped their price target on Linamar from C$92.00 to C$89.00 and set a “buy” rating for the company in a report on Monday, September 30th. Scotiabank cut shares of Linamar from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$86.00 to C$77.00 in a research report on Tuesday, October 29th. Finally, CIBC lowered their price target on shares of Linamar from C$88.00 to C$85.00 in a research report on Friday, November 8th.

Linamar Price Performance

Shares of LNR opened at C$60.98 on Wednesday. The company’s 50-day moving average is C$61.68 and its 200-day moving average is C$64.97. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. The firm has a market capitalization of C$3.76 billion, a PE ratio of 6.22, a PEG ratio of 1.12 and a beta of 1.41. Linamar has a fifty-two week low of C$54.95 and a fifty-two week high of C$73.84.

Linamar (TSE:LNR) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$2.64 billion for the quarter, compared to analysts’ expectations of C$2.75 billion. Equities analysts forecast 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.