Linamar (TSE:LNR) Price Target Raised to C$103.00 at TD Securities

Linamar (TSE:LNR) had its target price raised by TD Securities from C$96.00 to C$103.00 in a report issued on Thursday,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. CIBC upped their target price on Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Scotiabank boosted their price target on shares of Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$92.00.

Linamar Trading Down 2.9%

Shares of Linamar stock opened at C$87.28 on Thursday. The firm has a 50-day simple moving average of C$84.32 and a two-hundred day simple moving average of C$77.59. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. Linamar has a fifty-two week low of C$43.84 and a fifty-two week high of C$91.43. The company has a market cap of C$5.22 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.12 and a beta of 1.60.

Linamar (TSE:LNR) last posted its earnings results on Wednesday, November 12th. The company reported C$2.51 EPS for the quarter. The firm had revenue of C$2.54 billion for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%. As a group, equities analysts predict that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Linamar news, insider Alexander Drolc sold 427 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total value of C$37,576.00. Corporate insiders own 33.49% of the company’s stock.

Linamar Company Profile

Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company’s Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.