Raymond James Financial Cuts Linamar (TSE:LNR) Price Target to C$90.00

Linamar (TSE:LNR) had its price target lowered by Raymond James Financial from C$100.00 to C$90.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Other equities analysts have also issued research reports about the stock. Scotiabank increased their target price on shares of Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a report on Tuesday, January 27th. TD Securities increased their target price on shares of Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Linamar from C$99.00 to C$105.00 in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$97.40.

Linamar Price Performance

LNR stock opened at C$82.51 on Thursday. The company has a debt-to-equity ratio of 34.42, a quick ratio of 0.75 and a current ratio of 1.73. Linamar has a 52 week low of C$46.61 and a 52 week high of C$98.65. The firm’s fifty day moving average is C$88.57 and its 200 day moving average is C$83.20. The firm has a market cap of C$4.91 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.12 and a beta of 1.58.

Linamar (TSE:LNR) last released its earnings results on Wednesday, March 4th. The company reported C$2.28 EPS for the quarter. Linamar had a net margin of 5.71% and a return on equity of 9.92%. The company had revenue of C$2.52 billion for the quarter. Research analysts predict that Linamar will post 11.4332724 earnings per share for the current year.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.