BMO Capital Markets Issues Pessimistic Forecast for Linamar (TSE:LNR) Stock Price

Linamar (TSE:LNR) had its target price trimmed by BMO Capital Markets from C$80.00 to C$75.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on LNR. Scotiabank lowered Linamar from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. CIBC decreased their price objective on shares of Linamar from C$88.00 to C$85.00 in a report on Friday, November 8th. Finally, TD Securities dropped their price objective on shares of Linamar from C$92.00 to C$89.00 and set a “buy” rating on the stock in a research report on Monday, September 30th.

Linamar Stock Performance

Shares of LNR opened at C$59.88 on Wednesday. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. The firm has a 50-day moving average of C$61.72 and a 200-day moving average of C$65.00. The company has a market cap of C$3.69 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. Linamar has a one year low of C$54.95 and a one year high of C$73.84.

Linamar (TSE:LNR) last posted its quarterly earnings results 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 business had revenue of C$2.64 billion during the quarter, compared to analysts’ expectations of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%. As a group, equities analysts forecast that Linamar will post 11.4332724 earnings per share 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.