CIBC Cuts Linamar (TSE:LNR) Price Target to C$84.00

Linamar (TSE:LNR - Free Report) had its price objective decreased by CIBC from C$85.00 to C$84.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Scotiabank downgraded shares of Linamar from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$86.00 to C$77.00 in a report on Tuesday, October 29th. TD Securities cut shares of Linamar from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$89.00 to C$68.00 in a research report on Wednesday. Finally, BMO Capital Markets lowered their price objective on shares of Linamar from C$80.00 to C$75.00 in a research report on Wednesday.

Linamar Stock Performance

Linamar stock traded up C$0.92 during mid-day trading on Thursday, reaching C$60.80. The company had a trading volume of 248,223 shares, compared to its average volume of 99,791. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 46.32. Linamar has a 52 week low of C$54.95 and a 52 week high of C$73.84. The company has a 50 day moving average of C$61.72 and a 200-day moving average of C$65.00. The firm has a market cap of C$3.74 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 EPS for the quarter, topping analysts' consensus estimates of C$2.15 by C$0.20. The company had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. Linamar had a net margin of 5.77% and a return on equity of 11.31%. On average, sell-side analysts expect 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.