Linamar (TSE:LNR) Hits New 12-Month High – What’s Next?

Linamar Co. (TSE:LNR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$88.22 and last traded at C$86.98, with a volume of 27812 shares trading hands. The stock had previously closed at C$87.31.

Analyst Upgrades and Downgrades

LNR has been the topic of several research analyst reports. CIBC raised their price target 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. Scotiabank increased their target price on Linamar from C$80.00 to C$83.00 in a research note on Friday, October 17th. Finally, TD Securities lifted their price target on Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$87.60.

Linamar Trading Up 0.0%

The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84. The company has a 50 day moving average of C$80.57 and a 200 day moving average of C$75.02. The firm has a market cap of C$5.22 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 1.12 and a beta of 1.63.

Linamar (TSE:LNR) last issued its earnings results on Wednesday, November 12th. The company reported C$2.51 EPS for the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. The company had revenue of C$2.54 billion for the quarter. As a group, research analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current year.

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.