Linamar (TSE:LNR) PT Lowered to C$48.00 at TD Securities

Linamar (TSE:LNR) had its target price decreased by TD Securities from C$53.00 to C$48.00 in a research report released on Friday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

LNR has been the subject of several other reports. CIBC dropped their price objective on Linamar from C$61.00 to C$56.00 in a research note on Friday. BMO Capital Markets dropped their price objective on Linamar from C$56.00 to C$45.00 in a research note on Friday.

TSE LNR opened at C$37.81 on Friday. Linamar has a 1-year low of C$37.34 and a 1-year high of C$67.00. The stock has a market cap of $2.48 billion and a P/E ratio of 4.41. The company has a 50 day moving average price of C$44.67. The company has a quick ratio of 1.27, a current ratio of 2.01 and a debt-to-equity ratio of 66.42.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 23rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, August 22nd. Linamar’s payout ratio is currently 5.60%.

In other Linamar news, Senior Officer James Jarrell sold 85,300 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$45.02, for a total transaction of C$3,840,112.17. Following the completion of the transaction, the insider now owns 34,649 shares of the company’s stock, valued at C$1,559,859.87.

Linamar Company Profile

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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