Linamar (TSE:LNR) Price Target Cut to C$84.00 by Analysts at CIBC

Linamar (TSE:LNR) had its price objective lowered by CIBC from C$85.00 to C$84.00 in a report released on Thursday,BayStreet.CA reports.

LNR has been the subject of a number of other reports. BMO Capital Markets decreased their price target on Linamar from C$80.00 to C$75.00 in a report on Wednesday. Scotiabank downgraded Linamar from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. Finally, TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$89.00 to C$68.00 in a research report on Wednesday.

Linamar Stock Performance

TSE LNR opened at C$61.23 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 46.32. The stock has a fifty day simple moving average of C$61.67 and a 200 day simple moving average of C$64.93. Linamar has a twelve month low of C$54.95 and a twelve month high of C$73.84. The company has a market capitalization of C$3.77 billion, a price-to-earnings ratio of 6.25, a PEG ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR) last issued its quarterly earnings results 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. Linamar had a return on equity of 11.31% and a net margin of 5.77%. The firm had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. Sell-side analysts expect that Linamar will post 11.4332724 EPS for the current 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.