Linamar (TSE:LNR) Given New C$75.00 Price Target at BMO Capital Markets

Linamar (TSE:LNR) had its price objective trimmed by BMO Capital Markets from C$80.00 to C$75.00 in a research note published on Wednesday,BayStreet.CA reports.

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

Linamar Stock Performance

TSE LNR opened at C$61.23 on Wednesday. The firm’s fifty day moving average price is C$61.67 and its two-hundred day moving average price is C$64.93. The stock has a market cap of C$3.77 billion, a PE ratio of 6.25, a PEG ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.15 by C$0.20. The business had revenue of C$2.64 billion for 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, equities analysts expect that Linamar will post 11.4332724 EPS for the current fiscal year.

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.