Linamar (TSE:LNR) Stock Price Passes Above Two Hundred Day Moving Average of $64.48

Linamar Co. (TSE:LNR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$64.48 and traded as high as C$64.67. Linamar shares last traded at C$64.01, with a volume of 97,511 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. CIBC cut their price objective on shares of Linamar from C$91.50 to C$90.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. Scotiabank lifted their target price on Linamar from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$82.20.

Linamar Stock Down 0.0 %

The company has a market capitalization of C$3.94 billion, a P/E ratio of 7.83, a PEG ratio of 1.12 and a beta of 1.45. The company has a debt-to-equity ratio of 33.30, a quick ratio of 0.75 and a current ratio of 1.59. The stock has a 50 day moving average price of C$68.02 and a 200 day moving average price of C$64.48.

Linamar (TSE:LNR) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.75 by C$0.23. Linamar had a return on equity of 9.93% and a net margin of 5.17%. The business had revenue of C$2.45 billion for the quarter, compared to analysts’ expectations of C$2.40 billion. Equities research analysts forecast that Linamar Co. will post 10.0864553 earnings per share for the current fiscal year.

Linamar Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.25 dividend. This is a boost from Linamar’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Wednesday, March 27th. Linamar’s payout ratio is currently 12.24%.

Insider Activity at Linamar

In other news, Senior Officer Michael Willard Russell acquired 586 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average cost of C$69.93 per share, for a total transaction of C$40,978.98. Following the purchase, the insider now owns 586 shares of the company’s stock, valued at approximately C$40,978.98. 35.92% of the stock is currently owned by company insiders.

Linamar Company Profile

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.