TD Securities Lowers Linamar (TSE:LNR) Price Target to C$89.00

Linamar (TSE:LNR - Free Report) had its price objective trimmed by TD Securities from C$92.00 to C$89.00 in a research report report published on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on LNR. BMO Capital Markets dropped their price target on shares of Linamar from C$90.00 to C$80.00 in a research report on Friday, August 9th. CIBC decreased their price objective on shares of Linamar from C$92.00 to C$88.00 in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$84.20.

Linamar Price Performance

LNR stock traded down C$0.80 during midday trading on Monday, reaching C$63.10. The company had a trading volume of 89,411 shares, compared to its average volume of 89,527. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. Linamar has a 1 year low of C$56.78 and a 1 year high of C$73.84. The company has a market capitalization of C$3.89 billion, a P/E ratio of 6.44, a P/E/G ratio of 1.12 and a beta of 1.41. The firm has a 50-day moving average price of C$63.30 and a 200-day moving average price of C$66.59.

Linamar (TSE:LNR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$2.70 by C$0.36. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The company had revenue of C$2.85 billion during the quarter, compared to analysts' expectations of C$2.92 billion. On average, research analysts anticipate that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Linamar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 23rd were paid a $0.25 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.00 annualized dividend and a dividend yield of 1.58%. Linamar's payout ratio is 10.20%.

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.