Linamar Co. (LNR) Given Consensus Recommendation of “Hold” by Analysts
Linamar Co. (TSE:LNR) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$74.00.
LNR has been the topic of a number of research reports. TD Securities dropped their price target on Linamar from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. BMO Capital Markets set a C$70.00 price target on Linamar and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada lifted their target price on Linamar from C$71.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd.
In related news, Director William Harrison sold 5,000 shares of Linamar stock in a transaction on Monday, June 26th. The stock was sold at an average price of C$63.75, for a total transaction of C$318,750.00. Also, insider Alexander Drolc sold 651 shares of Linamar stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of C$70.00, for a total value of C$45,570.00. Insiders have sold 5,751 shares of company stock worth $371,520 over the last quarter.
Shares of Linamar (TSE LNR) traded up 1.01% during mid-day trading on Friday, hitting $73.85. The company’s stock had a trading volume of 147,761 shares. The company has a market cap of $4.82 billion and a price-to-earnings ratio of 8.94. Linamar has a 52-week low of $47.00 and a 52-week high of $74.36. The stock’s 50 day moving average price is $69.18 and its 200 day moving average price is $63.75.
Linamar (TSE:LNR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported C$2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$2.35 by C$0.10. The firm had revenue of C$1.77 billion for the quarter, compared to the consensus estimate of C$1.71 billion. Linamar had a return on equity of 22.89% and a net margin of 9.17%. Equities analysts forecast that Linamar will post $8.33 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 25th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This is an increase from Linamar’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.65%.
Linamar Company Profile
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.
Receive News & Ratings for Linamar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.