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

Linamar Co. (TSE:LNR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$81.74 and traded as high as C$88.31. Linamar shares last traded at C$86.90, with a volume of 132,219 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LNR. TD Securities boosted their price objective on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Raymond James Financial raised their target price on Linamar from C$85.00 to C$100.00 in a research note on Thursday, March 5th. Scotiabank lifted their price target on Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Linamar from C$99.00 to C$105.00 in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$99.40.

Linamar Stock Down 1.4%

The company has a market capitalization of C$5.08 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.72. The company has a quick ratio of 0.75, a current ratio of 1.73 and a debt-to-equity ratio of 34.42. The firm has a 50-day moving average of C$89.66 and a two-hundred day moving average of C$81.85.

Linamar (TSE:LNR) last posted its earnings results on Wednesday, March 4th. The company reported C$2.28 EPS for the quarter. The company had revenue of C$2.52 billion for the quarter. Linamar had a return on equity of 9.92% and a net margin of 5.71%. Equities research analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.

Insider Transactions at Linamar

In related news, insider Alexander Drolc sold 427 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total transaction of C$37,576.00. 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.