Linamar Co. (TSE:LNR) Receives Average Recommendation of “Moderate Buy” from Analysts

Linamar Co. (TSE:LNR) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$111.67.

LNR has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce increased their price objective on Linamar from C$115.00 to C$120.00 in a report on Thursday. TD boosted their target price on shares of Linamar from C$119.00 to C$123.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial upped their price target 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. Scotia increased their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Finally, Scotiabank lifted their price objective on shares of Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a research report on Thursday.

Linamar Stock Up 1.8%

LNR stock opened at C$105.87 on Friday. The company has a market cap of C$6.24 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.12 and a beta of 1.71. Linamar has a twelve month low of C$70.00 and a twelve month high of C$108.29. The business has a 50 day moving average price of C$102.50 and a two-hundred day moving average price of C$94.81. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89.

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.