Linamar Co. (TSE:LNR) Stock Has Consensus Target Price of C$110.29 According to Brokerages

Shares of Linamar Co. (TSE:LNR) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$110.29.

A number of brokerages recently commented on LNR. TD decreased their price target on Linamar from C$123.00 to C$120.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Scotiabank boosted their price target on shares of Linamar from C$102.00 to C$114.00 and gave the stock a “sector perform” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets lowered shares of Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price target for the company. in a research report on Friday, September 18th.

Linamar Stock Performance

Shares of TSE:LNR opened at C$92.78 on Thursday. The firm has a market cap of C$5.47 billion, a PE ratio of 8.10, a PEG ratio of 1.12 and a beta of 1.62. Linamar has a 12-month low of C$73.27 and a 12-month high of C$110.58. The company has a quick ratio of 0.75, a current ratio of 1.88 and a debt-to-equity ratio of 32.89. The company’s 50 day moving average price is C$95.04 and its two-hundred day moving average price is C$94.99.

Linamar (TSE:LNR) last released its quarterly earnings data on Wednesday, November 4th. The company reported C$2.59 earnings per share (EPS) for the quarter. Linamar had a net margin of 6.15% and a return on equity of 10.96%. The business had revenue of C$3.08 billion during the quarter. Equities research analysts predict that Linamar will post 11.43 earnings per share for the current year.

Insider Activity

In other Linamar news, Director Mark Stoddart sold 18,932 shares of Linamar stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total transaction 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. 33.49% of the stock is owned by corporate insiders.

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.