Linamar (TSE:LNR) Price Target Raised to C$102.00 at Scotiabank

Linamar (TSE:LNR) had its target price increased by Scotiabank from C$99.00 to C$102.00 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also issued reports on LNR. Canadian Imperial Bank of Commerce boosted their price target on shares of Linamar from C$110.00 to C$115.00 in a research report on Tuesday, July 14th. Scotia lifted their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. TD boosted their target price on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Raymond James Financial raised their price target on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Linamar currently has a consensus rating of “Moderate Buy” and an average price target of C$104.14.

Linamar Stock Down 0.5%

LNR stock opened at C$103.09 on Monday. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The company has a market capitalization of C$6.10 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.12 and a beta of 1.72. Linamar has a fifty-two week low of C$65.60 and a fifty-two week high of C$107.12. The stock has a fifty day moving average of C$100.59 and a 200-day moving average of C$92.46.

Linamar (TSE:LNR) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The business had revenue of C$2.94 billion for the quarter. As a group, equities research analysts predict that Linamar will post 11.4332724 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Csaba Havasi sold 3,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the completion of the transaction, the insider directly owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their position. 33.49% of the stock is currently owned by insiders.

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.