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

Linamar (TSE:LNR) had its price target reduced 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 reports. Scotiabank downgraded shares of Linamar from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. CIBC lowered 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 lowered their price target on shares of Linamar from C$92.00 to C$89.00 and set a “buy” rating for the company in a research note on Monday, September 30th.

Linamar Stock Performance

TSE LNR opened at C$61.23 on Wednesday. Linamar has a 52-week low of C$54.95 and a 52-week high of C$73.84. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The company has a market capitalization of C$3.77 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a fifty day moving average of C$61.67 and a 200-day moving average of C$64.93.

Linamar (TSE:LNR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. As a group, equities research analysts predict that Linamar will post 11.4332724 EPS 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.