CIBC Thinks Linamar’s Stock is Going to Recover

In a latest note to investors, a research analyst has provided a rating update for the Linamar (LNR). CIBC’s analyst Kevin Chiang reiterates their Buy rating on the shares today.

According to, Chiang is a 5-star analyst with an average return of 8.7% and a 60.2% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.

Linamar has an analyst consensus of Moderate Buy, with a price target consensus of C$73.20.

Based on Linamar’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$113 million. In comparison, last year the company had a net profit of C$135 million.

Linamar Corp. is a diversified manufacturing company, which engages in engineered products powering vehicles, motion, work and lives. It operates through the following segments: Powertrain & Driveline, and Industrial.

The company’s shares closed on Monday at C$45.30, close to its 52-week low of C$43.03.

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