Linamar (TSE:LNR) Price Target Raised to C$114.00

Linamar (TSE:LNR) had its price target upped by TD Securities from C$103.00 to C$114.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce raised their price objective on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a research report on Monday, January 5th. Raymond James Financial upped their target price on Linamar from C$85.00 to C$100.00 in a research report on Thursday. Finally, Scotiabank raised their target price on Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$99.40.

Linamar Stock Performance

Shares of LNR stock opened at C$88.44 on Thursday. The company’s fifty day simple moving average is C$89.17 and its 200-day simple moving average is C$81.09. Linamar has a 52 week low of C$43.84 and a 52 week high of C$98.65. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 35.80. The company has a market cap of C$5.29 billion, a PE ratio of 21.47, a P/E/G ratio of 1.12 and a beta of 1.72.

Linamar (TSE:LNR) last posted its earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share for the quarter. Linamar had a net margin of 2.39% and a return on equity of 4.22%. The business had revenue of C$2.52 billion for the quarter. As a group, equities research analysts anticipate that Linamar will post 11.4332724 EPS for the current year.

Insider Activity

In related news, insider Alexander Drolc sold 427 shares of the stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total value of C$37,576.00. 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.