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

Shares of Linamar Co. (TSE:LNR) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$102.57.

LNR has been the topic of several recent research reports. Scotia lifted their price target on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Raymond James Financial increased their price target on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their price target on Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th. TD Securities increased their price target on Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Scotiabank decreased their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th.

Linamar Price Performance

Shares of Linamar stock opened at C$103.44 on Monday. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. The company’s 50-day moving average price is C$91.61 and its two-hundred day moving average price is C$87.98. Linamar has a 52 week low of C$61.51 and a 52 week high of C$107.12. The stock has a market cap of C$6.13 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.12 and a beta of 1.75.

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

Insider Activity at Linamar

In related news, insider Csaba Havasi sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$97.47, for a total value of C$292,410.00. Following the completion of the sale, the insider owned 71,543 shares in the company, valued at approximately C$6,973,296.21. This represents a 4.02% decrease in their position. Company 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.