Linamar (TSE:LNR) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Linamar Co. (TSE:LNR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$91.00 and traded as high as C$97.58. Linamar shares last traded at C$96.48, with a volume of 37,468 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LNR shares. Scotia lifted their price target on 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. Scotiabank lowered their price objective on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Canadian Imperial Bank of Commerce raised their target price on shares of Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. Raymond James Financial lifted their target price on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Finally, TD increased their price target on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$102.57.

Linamar Price Performance

The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75. The firm has a market capitalization of C$5.71 billion, a PE ratio of 9.19, a P/E/G ratio of 1.12 and a beta of 1.75. The company has a 50-day moving average price of C$97.89 and a 200-day moving average price of C$91.00.

Linamar (TSE:LNR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. The firm 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%. Sell-side analysts forecast that Linamar Co. will post 11.4332724 EPS for the current year.

Insider Activity at Linamar

In other news, insider Csaba Havasi sold 3,000 shares of Linamar stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the completion of the sale, the insider directly owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock. 33.49% of the stock is currently owned by company insiders.

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.