Linamar Co. (TSE:LNR) Given Consensus Rating of “Moderate Buy” by Analysts

Linamar Co. (TSE:LNR) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$102.57.

A number of analysts have recently commented on the stock. Canadian Imperial Bank of Commerce boosted their target price on shares of Linamar from C$105.00 to C$110.00 in a research note on Thursday, May 7th. Scotiabank cut their target price 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. TD Securities boosted their target price 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. Scotia boosted their price target on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, TD boosted their price target on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th.

Insider Activity at Linamar

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 completion of the sale, the insider directly owned 71,543 shares in the company, valued at approximately C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock. Insiders own 33.49% of the company’s stock.

Linamar Price Performance

Linamar stock opened at C$102.00 on Monday. The stock has a market capitalization of C$6.04 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68. Linamar has a 12 month low of C$61.22 and a 12 month high of C$103.19. The business has a 50 day simple moving average of C$89.60 and a 200-day simple moving average of C$87.03. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75.

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

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.