Raymond James Financial Issues Positive Forecast for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its price objective boosted by Raymond James Financial from C$90.00 to C$100.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

Several other research firms also recently weighed in on LNR. TD Securities upped their price target on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Scotia increased their target price on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday. TD increased their price target on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a report on Thursday. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$105.00 to C$110.00 in a report on Thursday. Finally, Scotiabank decreased their target price on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$102.57.

Linamar Trading Up 5.1%

LNR opened at C$95.31 on Thursday. The business has a 50 day simple moving average of C$87.26 and a two-hundred day simple moving average of C$84.47. The firm has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.12 and a beta of 1.68. The company has a debt-to-equity ratio of 34.42, a current ratio of 1.73 and a quick ratio of 0.75. Linamar has a one year low of C$55.67 and a one year high of C$98.65.

Linamar (TSE:LNR) last announced its earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%.The firm had revenue of C$2.94 billion during the quarter. Analysts predict that Linamar will post 11.4332724 EPS for the current year.

More Linamar News

Here are the key news stories impacting Linamar this week:

• Positive Sentiment: Q1 results showed C$3.28 EPS on C$2.94 billion revenue, with a 5.71% net margin and 9.92% ROE — results that support the bull case and likely drove intraday buying. Read More. Read More. Read More.
• Positive Sentiment: TD raised its price target to C$119 and moved to a “buy” rating — the largest stated upside among the broker actions and a clear catalyst for increased investor interest. Read More.
• Positive Sentiment: CIBC raised its target to C$110 (14.5% implied upside vs. the reference price), a solid upgrade that reinforces institutional confidence in the company’s near?term outlook. Read More.
• Neutral Sentiment: Raymond James lifted its target from C$90 to C$100 but kept a “market perform” rating — a modest upside revision that is supportive but not strongly bullish. Read More.
• Neutral Sentiment: Scotia raised its target to C$99 and retained a “sector perform” rating; another modest upgrade that contributes to positive analyst momentum but is not a decisive buy signal. Read More.

About Linamar

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.