Linamar Co. (TSE:LNR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Linamar Co. (TSE:LNR) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$102.57.

A number of analysts have commented on LNR shares. Scotia upped their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th. TD Securities upped their price target on shares of Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. TD upped their price target on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial upped their price objective 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.

Linamar Stock Performance

Shares of Linamar stock opened at C$97.13 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 35.07. The stock has a market cap of C$5.75 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 1.12 and a beta of 1.68. The company’s fifty day moving average is C$87.39 and its 200 day moving average is C$85.09. Linamar has a twelve month low of C$60.11 and a twelve month high of C$98.65.

Linamar (TSE:LNR) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. The business had revenue of C$2.94 billion for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. Sell-side analysts forecast that Linamar 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.