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

Linamar Co. (TSE:LNR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$99.33 and last traded at C$98.76, with a volume of 15582 shares. The stock had previously closed at C$97.13.

Wall Street Analyst Weigh In

Several analysts have commented on LNR shares. TD Securities raised their price objective on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Scotiabank decreased their price objective on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. TD boosted their price objective on shares of 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 boosted their price objective on shares of 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, Canadian Imperial Bank of Commerce boosted their price objective on shares of Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$102.57.

Linamar Stock Performance

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 cap of C$5.85 billion, a P/E ratio of 9.41, a P/E/G ratio of 1.12 and a beta of 1.68. The business’s 50-day simple moving average is C$87.39 and its 200 day simple moving average is C$85.09.

Linamar (TSE:LNR) last posted its 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 business had revenue of C$2.94 billion during the quarter. As a group, equities analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current year.

Linamar Company Profile

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.