Linamar (TSE:LNR) Reaches New 12-Month High – Should You Buy?

Linamar Co. (TSE:LNR) hit a new 52-week high on Wednesday . The company traded as high as C$91.49 and last traded at C$91.32, with a volume of 8774 shares trading hands. The stock had previously closed at C$89.66.

Analysts Set New Price Targets

LNR has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$88.00 to C$99.00 and gave the company an “outperform” rating in a report on Monday, January 5th. TD Securities increased their price target on shares of Linamar from C$96.00 to C$103.00 in a research report on Thursday, February 5th. Finally, Scotiabank raised their price objective on shares of Linamar from C$83.00 to C$98.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$92.00.

Linamar Trading Up 1.5%

The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84. The company has a market cap of C$5.44 billion, a PE ratio of 22.08, a P/E/G ratio of 1.12 and a beta of 1.60. The company has a fifty day simple moving average of C$84.93 and a two-hundred day simple moving average of C$78.17.

Linamar (TSE:LNR) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$2.51 earnings per share (EPS) for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%.The business had revenue of C$2.54 billion during the quarter. Analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current year.

Insider Buying and Selling

In other Linamar news, insider Alexander Drolc sold 427 shares of the business’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 transaction of C$37,576.00. 33.49% of the stock is owned by company 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.