Linamar Co. (TSE:LNR) Receives C$104.14 Average PT from Brokerages

Shares of Linamar Co. (TSE:LNR) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$104.14.

LNR has been the subject of a number of research analyst reports. Raymond James Financial lifted their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Scotiabank raised their target price on shares of Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Monday. Canadian Imperial Bank of Commerce lifted their target price on shares of Linamar from C$110.00 to C$115.00 in a research report on Tuesday, July 14th. TD increased their price target on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Scotia raised their price target on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th.

Linamar Trading Down 2.8%

Linamar stock opened at C$101.85 on Tuesday. Linamar has a one year low of C$65.60 and a one year high of C$107.12. The business’s fifty day moving average is C$101.04 and its 200 day moving average is C$92.90. The stock has a market capitalization of C$6.03 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.12 and a beta of 1.72. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75.

Linamar (TSE:LNR) last issued its earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share for the quarter. The business had revenue of C$2.94 billion during the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%. On average, sell-side analysts predict that Linamar will post 11.4332724 EPS for the current year.

Insiders Place Their Bets

In other Linamar news, insider Csaba Havasi sold 3,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total value of C$292,410.00. Following the transaction, the insider owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. This represents a 4.02% decrease in their ownership of the stock. Corporate insiders own 33.49% of the company’s stock.

About Linamar

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.