Linamar (TSE:LNR) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Linamar Co. (TSE:LNR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$88.34 and traded as high as C$106.30. Linamar shares last traded at C$103.37, with a volume of 161,059 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LNR shares. TD Securities increased their price target on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Canadian Imperial Bank of Commerce increased their price target on shares of Linamar from C$105.00 to C$110.00 in a research note on Thursday, May 7th. Scotiabank decreased their price target on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Raymond James Financial increased their price target on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research note on Thursday, May 7th. Finally, Scotia increased 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 note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$102.57.

Linamar Stock Up 1.0%

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$6.05 billion, a PE ratio of 9.73, a PEG ratio of 1.12 and a beta of 1.75. The stock has a fifty day moving average price of C$93.01 and a 200-day moving average price of C$88.69.

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

Insider Buying and Selling

In related news, insider Csaba Havasi sold 3,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. The trade was a 4.02% decrease in their position. Company insiders own 33.49% of the company’s stock.

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.