Linamar Co. (TSE:LNR) Receives C$102.57 Consensus PT from Analysts

Shares of Linamar Co. (TSE:LNR) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$102.57.

Several analysts recently commented on the company. TD Securities raised their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Scotia raised their target price on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. TD raised their target price on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Raymond James Financial raised their target price on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, Scotiabank dropped their target price 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.

Linamar Stock Up 1.5%

Shares of LNR stock opened at C$100.57 on Friday. The stock’s 50-day simple moving average is C$97.10 and its 200-day simple moving average is C$90.72. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The firm has a market capitalization of C$5.96 billion, a PE ratio of 9.58, a P/E/G ratio of 1.12 and a beta of 1.75. Linamar has a fifty-two week low of C$64.38 and a fifty-two week high of C$107.12.

Linamar (TSE:LNR) last posted its earnings results on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. The firm had revenue of C$2.94 billion for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%. Equities analysts expect that Linamar will post 11.4332724 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Csaba Havasi sold 3,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the sale, the insider directly owned 71,543 shares of the company’s stock, valued at C$6,973,296.21. This trade represents a 4.02% decrease in their ownership of the stock. 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.