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

Linamar (TSE:LNR) had its price target upped by equities researchers at Raymond James Financial from C$85.00 to C$100.00 in a research note issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential upside of 6.35% from the company’s current price.

Several other equities analysts have also issued reports on LNR. Scotiabank lifted their price target on Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 27th. TD Securities upped their price target on shares of Linamar from C$96.00 to C$103.00 in a research report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Linamar presently has a consensus rating of “Moderate Buy” and an average price target of C$98.20.

Linamar Trading Up 1.5%

LNR traded up C$1.35 during midday trading on Thursday, reaching C$94.03. 136,322 shares of the company’s stock traded hands, compared to its average volume of 112,295. The company has a debt-to-equity ratio of 35.80, a current ratio of 1.84 and a quick ratio of 0.75. Linamar has a 52 week low of C$43.84 and a 52 week high of C$98.65. The stock has a market capitalization of C$5.62 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.12 and a beta of 1.60. The firm has a fifty day moving average of C$88.84 and a two-hundred day moving average of C$80.82.

Linamar (TSE:LNR) last announced its earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share for the quarter. The firm had revenue of C$2.52 billion for the quarter. Linamar had a net margin of 2.39% and a return on equity of 4.22%. On average, equities analysts anticipate that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Linamar news, insider Alexander Drolc sold 427 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00. 33.49% of the stock is currently owned by insiders.

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.