Linamar (TSE:LNR) Reaches New 12-Month High – Still a Buy?

Linamar Co. (TSE:LNR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$89.44 and last traded at C$89.01, with a volume of 14209 shares. The stock had previously closed at C$87.21.

Wall Street Analyst Weigh In

LNR has been the subject of a number of analyst reports. TD Securities lifted their price objective on shares of Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. CIBC raised their target price on shares of Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Finally, Scotiabank increased their price target on shares of Linamar from C$80.00 to C$83.00 in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$87.60.

Linamar Stock Up 1.6%

The company has a market cap of C$5.30 billion, a P/E ratio of 21.51, a PEG ratio of 1.12 and a beta of 1.63. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75. The stock has a 50-day moving average of C$82.11 and a 200 day moving average of C$75.96.

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

Insider Buying and Selling

In other news, insider Alexander Drolc sold 427 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total value of C$37,576.00. 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.