Shares of Linamar (LNR) were revisited by a Wall Street analyst today. TD Securities’ analyst Brian Morrison downgraded LNR to Hold , with a C$64 price target.
According to TipRanks.com, Morrison is ranked #1280 out of 4918 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Linamar with a C$75.75 average price target.
Based on Linamar’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$197 million. In comparison, last year the company had a net profit of C$107 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 Thursday at C$49.89.
