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

Linamar Co. (TSE:LNR)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$73.08 and traded as high as C$84.72. Linamar shares last traded at C$83.73, with a volume of 36,117 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LNR. TD Securities boosted their price objective on Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. Scotiabank raised their target price on Linamar from C$80.00 to C$83.00 in a research note on Friday, October 17th. Finally, CIBC upped their price target on shares of Linamar from C$87.00 to C$88.00 in a research report on Thursday, November 13th. One 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$85.40.

Linamar Stock Down 1.2%

The company has a market cap of C$5.01 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.12 and a beta of 1.59. The stock has a 50-day simple moving average of C$78.17 and a 200-day simple moving average of C$73.08. The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84.

Linamar (TSE:LNR) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C$2.51 EPS for the quarter. The company 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%. As a group, analysts predict that Linamar Co. will post 11.4332724 EPS for the current 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.