Linamar Co. (TSE:LNR) Receives Average Rating of “Hold” from Analysts

Shares of Linamar Co. (TSE:LNR) have received an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$110.29.

A number of research analysts have recently weighed in on LNR shares. TD dropped their target price on Linamar from C$123.00 to C$120.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank boosted their price objective on Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce increased their target price on shares of Linamar from C$115.00 to C$120.00 in a research note on Thursday, August 13th. Finally, BMO Capital Markets lowered Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price objective on the stock. in a research report on Friday, September 18th.

Linamar Trading Down 2.3%

TSE LNR opened at C$94.52 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89. Linamar has a 52 week low of C$70.00 and a 52 week high of C$110.58. The business has a 50 day moving average price of C$100.37 and a 200-day moving average price of C$97.35. The company has a market cap of C$5.58 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.12 and a beta of 1.62.

Insider Activity

In related news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the transaction, the director directly owned 455,914 shares of the company’s stock, valued at C$48,135,400.12. The trade was a 3.99% decrease in their ownership of the stock. Corporate 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.