Raymond James Has Lowered Expectations for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its price target lowered by Raymond James from C$74.00 to C$70.00 in a report issued on Thursday,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.

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

Linamar Price Performance

TSE LNR opened at C$61.23 on Thursday. 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 cap of C$3.77 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The stock’s 50-day moving average is C$61.67 and its two-hundred day moving average is C$64.93. 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 posted its earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, topping the consensus estimate of C$2.15 by C$0.20. The firm had revenue of C$2.64 billion during 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 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.