Linamar (TSE:LNR) had its price objective lowered by equities researchers at TD Securities from C$60.00 to C$57.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.32% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. BMO Capital Markets reduced their target price on shares of Linamar from C$66.00 to C$56.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 12th. CIBC reduced their target price on shares of Linamar from C$68.00 to C$65.00 in a research report on Tuesday, February 19th.
Shares of LNR stock traded down C$1.79 during trading hours on Friday, reaching C$47.77. 587,900 shares of the company were exchanged, compared to its average volume of 194,287. Linamar has a fifty-two week low of C$42.91 and a fifty-two week high of C$76.13. The firm has a market capitalization of $3.12 billion and a price-to-earnings ratio of 5.34. The company has a current ratio of 2.01, a quick ratio of 1.22 and a debt-to-equity ratio of 65.85.
Linamar (TSE:LNR) last announced its earnings results on Monday, March 11th. The company reported C$1.75 earnings per share (EPS) for the quarter. The company had revenue of C$1.73 billion for the quarter. On average, equities research analysts forecast that Linamar will post 9.43000038754979 earnings per share for the current fiscal year.
In other Linamar news, Director Dennis Grimm purchased 1,040 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of C$47.98 per share, with a total value of C$49,899.20. Following the completion of the purchase, the director now directly owns 2,780 shares in the company, valued at approximately C$133,384.40.
Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.
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