Linamar (TSE:LNR) Shares Pass Above 200 Day Moving Average – Should You Sell?

Linamar Co. (TSE:LNR)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$82.45 and traded as high as C$89.05. Linamar shares last traded at C$88.79, with a volume of 104,857 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LNR. Scotiabank raised their price objective 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 research note on Thursday, March 5th. TD Securities increased their target price on shares of Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Linamar from C$99.00 to C$105.00 in a research note on Friday, March 6th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$99.40.

Linamar Stock Performance

The firm has a fifty day moving average of C$89.14 and a two-hundred day moving average of C$82.48. The company has a market cap of C$5.15 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 1.12 and a beta of 1.72. The company has a current ratio of 1.73, a quick ratio of 0.75 and a debt-to-equity ratio of 34.42.

Linamar (TSE:LNR) last released its quarterly earnings data on Wednesday, March 4th. The company reported C$2.28 EPS for the quarter. The business had revenue of C$2.52 billion for the quarter. Linamar had a net margin of 5.71% and a return on equity of 9.92%. As a group, sell-side analysts predict that Linamar Co. will post 11.4332724 EPS for the current year.

Insider Activity at Linamar

In related news, insider Alexander Drolc sold 427 shares of the firm’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. Insiders own 33.49% of the company’s stock.

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.