Linamar (TSE:LNR) Price Target Raised to C$115.00

Linamar (TSE:LNR) had its target price lifted by Canadian Imperial Bank of Commerce from C$110.00 to C$115.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Several other research analysts also recently issued reports on LNR. TD raised their price objective on shares of Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial upped their target price on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Scotia increased their target price on shares of 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. Finally, Scotiabank lowered their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$103.29.

Linamar Trading Up 1.2%

TSE:LNR opened at C$104.65 on Tuesday. The company has a market capitalization of C$6.20 billion, a PE ratio of 9.97, a P/E/G ratio of 1.12 and a beta of 1.72. Linamar has a 52-week low of C$65.60 and a 52-week high of C$107.12. The stock’s 50 day moving average price is C$100.30 and its 200 day moving average price is C$92.18. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 35.07.

Linamar (TSE:LNR) last posted its quarterly earnings data 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, research analysts anticipate that Linamar will post 11.4332724 EPS for the current year.

Insider Activity

In related news, insider Csaba Havasi sold 3,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at C$6,973,296.21. This represents a 4.02% decrease in their ownership of the stock. 33.49% of the stock is currently owned by company 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.