What’s Ahead for Linamar Corporation After Today’s Huge Decline?


 What's Ahead for Linamar Corporation After Today's Huge Decline?

The stock of Linamar Corporation (TSE:LNR) is a huge mover today! About 60,656 shares traded hands. Linamar Corporation (TSE:LNR) has declined 9.57% since March 10, 2016 and is downtrending. It has underperformed by 15.18% the S&P500.
The move comes after 7 months negative chart setup for the $3.47 billion company. It was reported on Oct, 17 by Barchart.com. We have $49.82 PT which if reached, will make TSE:LNR worth $277.60M less.

Linamar Corporation (TSE:LNR) Ratings Coverage

Out of 5 analysts covering Linamar Corporation (TSE:LNR), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $100 is the highest target while $55 is the lowest. The $73.83 average target is 36.34% above today’s ($54.15) stock price. Linamar Corporation has been the topic of 17 analyst reports since July 29, 2015 according to StockzIntelligence Inc. As per Thursday, August 6, the company rating was downgraded by TD Securities. On Friday, October 16 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by Scotia Capital with “Outperform” on Friday, August 12. The rating was upgraded by Canaccord Genuity on Tuesday, September 15 to “Buy”.

More notable recent Linamar Corporation (TSE:LNR) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on July 15, 2010, also Fool.ca with their article: “Can Linamar Corporation Double From Here?” published on July 07, 2016, Fool.ca published: “Why Linamar Corporation Rose 10% in a Day” on August 12, 2016. More interesting news about Linamar Corporation (TSE:LNR) were released by: Fool.ca and their article: “Should You Buy Magna International Inc. or Linamar Corporation?” published on April 18, 2016 as well as Fool.ca‘s news article titled: “The Not-So-Obvious Reason for Owning Linamar Corporation” with publication date: May 10, 2016.

Linamar Corporation is a Canada-based diversified manufacturing firm of engineered products powering vehicles, motion, work and lives. The company has a market cap of $3.47 billion. The Firm operates through two divisions: the Powertrain/Driveline and the Industrial. It has a 7.33 P/E ratio. The divisions are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.

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