Scotiabank Issues Pessimistic Forecast for Linamar Earnings

Linamar Co. (TSE:LNR) – Equities research analysts at Scotiabank cut their FY2026 EPS estimates for shares of Linamar in a note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Goldman now forecasts that the company will earn $11.90 per share for the year, down from their previous estimate of $12.06. Scotiabank has a “Sector Perform” rating and a $114.00 price objective on the stock. The consensus estimate for Linamar’s current full-year earnings is $11.43 per share.

A number of other research firms also recently issued reports on LNR. Raymond James Financial increased their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce upped their target price on Linamar from C$115.00 to C$120.00 in a report on Thursday, August 13th. Scotia upped their target price on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, TD increased their target price on Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$111.67.

Linamar Trading Down 1.3%

Shares of LNR opened at C$98.28 on Monday. Linamar has a 1-year low of C$70.00 and a 1-year high of C$110.58. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. The firm’s 50-day moving average price is C$102.67 and its 200-day moving average price is C$95.68. The firm has a market capitalization of C$5.80 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.12 and a beta of 1.71.

Insider Activity at Linamar

In other news, Director Mark Stoddart sold 18,932 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the sale, the director directly owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. This represents a 3.99% decrease in their position. Company insiders own 33.49% of the company’s stock.

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.