Linamar (TSE:LNR) Sets New 1-Year High – What’s Next?

Linamar Co. (TSE:LNR)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$106.18 and last traded at C$103.00, with a volume of 139624 shares trading hands. The stock had previously closed at C$102.00.

Analyst Ratings Changes

LNR has been the subject of several research analyst reports. Scotiabank decreased their target price on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Canadian Imperial Bank of Commerce raised their target price on Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th. TD Securities increased their price objective on Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a report on Thursday, March 5th. TD increased their price objective on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Raymond James Financial increased their price objective on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Linamar has a consensus rating of “Moderate Buy” and a consensus target price of C$102.57.

Linamar Trading Up 1.0%

The firm has a fifty day simple moving average of C$89.98 and a two-hundred day simple moving average of C$87.22. The firm has a market capitalization of C$6.10 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75.

Linamar (TSE:LNR) last announced 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 business had revenue of C$2.94 billion during the quarter. On average, equities research analysts anticipate that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.

Insider Activity

In other Linamar news, insider Csaba Havasi sold 3,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the sale, the insider owned 71,543 shares in the company, valued at C$6,973,296.21. This represents a 4.02% decrease in their ownership of the stock. 33.49% of the stock is currently owned by corporate insiders.

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.