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

Shares of Linamar Co. (TSE:LNR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$104.14.

A number of analysts have recently issued reports on the stock. TD raised their target price on shares of Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Raymond James Financial increased their price target on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Scotiabank raised their price objective on shares of Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Monday, July 20th. Scotia boosted their price objective on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce upped their target price on Linamar from C$110.00 to C$115.00 in a research report on Tuesday, July 14th.

Linamar Trading Up 1.2%

Shares of Linamar stock opened at C$102.79 on Tuesday. The business has a fifty day simple moving average of C$101.29 and a two-hundred day simple moving average of C$93.13. Linamar has a 1 year low of C$65.60 and a 1 year high of C$107.12. The company has a market capitalization of C$6.09 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.12 and a beta of 1.72. 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 released its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. The firm had revenue of C$2.94 billion during the quarter. Research analysts forecast that Linamar will post 11.4332724 EPS for the current year.

Insider Transactions at Linamar

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