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

Shares of Linamar Co. (TSE:LNR) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$104.14.

Several equities analysts have recently weighed in on LNR shares. Scotiabank raised their price target on Linamar from C$99.00 to C$102.00 and gave the company a “sector perform” rating in a report on Monday. Scotia increased their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. TD raised their price objective on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial lifted their target price on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Linamar from C$110.00 to C$115.00 in a research note on Tuesday, July 14th.

Insiders Place Their Bets

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 shares were sold at an average price of C$97.47, for a total value of C$292,410.00. Following the completion of the transaction, the insider directly owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their position. 33.49% of the stock is currently owned by insiders.

Linamar Stock Performance

Linamar stock opened at C$103.09 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 35.07. The company has a market capitalization of C$6.10 billion, a P/E ratio of 9.82, a PEG ratio of 1.12 and a beta of 1.72. The stock’s 50 day moving average is C$100.59 and its 200 day moving average is C$92.46. Linamar has a twelve month low of C$65.60 and a twelve month high of C$107.12.

Linamar (TSE:LNR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The company had revenue of C$2.94 billion during the quarter. On average, equities research analysts predict that Linamar will post 11.4332724 earnings per share 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.