Linamar (TSE:LNR) Stock Price Expected to Rise, TD Securities Analyst Says

Linamar (TSE:LNR) had its target price boosted by TD Securities from C$103.00 to C$114.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 21.24% from the company’s previous close.

A number of other analysts also recently weighed in on LNR. Scotiabank upped their price target on shares of Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 27th. Raymond James Financial boosted their target price on shares of Linamar from C$85.00 to C$100.00 in a report on Thursday. Finally, Canadian Imperial Bank of Commerce increased their price target on Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linamar currently has a consensus rating of “Moderate Buy” and an average price target of C$98.20.

Linamar Stock Performance

LNR stock traded up C$1.35 during trading hours on Thursday, hitting C$94.03. 136,322 shares of the stock were exchanged, compared to its average volume of 112,295. The company has a current ratio of 1.84, a quick ratio of 0.75 and a debt-to-equity ratio of 35.80. The firm has a market capitalization of C$5.62 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.12 and a beta of 1.60. The company has a 50-day simple moving average of C$88.84 and a two-hundred day simple moving average of C$80.82. Linamar has a 12 month low of C$43.84 and a 12 month high of C$98.65.

Linamar (TSE:LNR) last announced its earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share (EPS) for the quarter. Linamar had a net margin of 2.39% and a return on equity of 4.22%. The company had revenue of C$2.52 billion during the quarter. On average, analysts forecast that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Alexander Drolc sold 427 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total value of C$37,576.00. 33.49% of the stock is owned by corporate insiders.

About Linamar

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.