Linamar (TSE:LNR) Price Target Raised to C$100.00

Linamar (TSE:LNR) had its target price upped by Raymond James Financial from C$85.00 to C$100.00 in a research note published on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Scotiabank boosted their price objective on shares of Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. TD Securities lifted their target price on shares of Linamar from C$96.00 to C$103.00 in a report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$99.40.

Linamar Trading Down 7.1%

Shares of LNR stock opened at C$88.44 on Thursday. The company has a market capitalization of C$5.29 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.72. 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 business’s 50 day moving average is C$89.17 and its two-hundred day moving average is C$81.09. Linamar has a twelve month low of C$43.84 and a twelve month high of C$98.65.

Linamar (TSE:LNR) last released its quarterly earnings results on Wednesday, March 4th. The company reported C$2.28 EPS for the quarter. Linamar had a return on equity of 4.22% and a net margin of 2.39%.The business had revenue of C$2.52 billion during the quarter. Equities analysts forecast that Linamar will post 11.4332724 EPS for the current year.

Insider Buying and Selling at Linamar

In other news, insider Alexander Drolc sold 427 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total transaction of C$37,576.00. 33.49% of the stock is currently owned by company insiders.

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.