Linamar (TSE:LNR) Stock Passes Above 200 Day Moving Average of $38.22

Linamar Co. (TSE:LNR) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.22 and traded as high as $41.53. Linamar shares last traded at $40.00, with a volume of 130,947 shares.

LNR has been the topic of several analyst reports. Scotiabank lifted their target price on Linamar from C$45.00 to C$47.00 in a research report on Wednesday, July 22nd. BMO Capital Markets lifted their target price on Linamar from C$36.00 to C$45.00 in a research report on Monday, June 15th. TD Securities upgraded Linamar from a “hold” rating to a “buy” rating and lifted their target price for the company from C$35.00 to C$55.00 in a research report on Tuesday, June 9th. Royal Bank of Canada boosted their price objective on Linamar from C$36.00 to C$43.00 in a research report on Friday, July 24th. Finally, CIBC boosted their price objective on Linamar from C$40.00 to C$43.00 in a research report on Monday, July 20th.

The company has a 50-day moving average price of C$39.24 and a 200 day moving average price of C$38.22. The firm has a market capitalization of $2.60 billion and a PE ratio of 6.95. The company has a debt-to-equity ratio of 46.76, a current ratio of 1.30 and a quick ratio of 0.75.

Linamar (TSE:LNR) last posted its earnings results on Wednesday, May 13th. The company reported C$1.04 EPS for the quarter. The firm had revenue of C$1.55 billion during the quarter. As a group, research analysts anticipate that Linamar Co. will post 4.98 earnings per share for the current year.

About Linamar (TSE:LNR)

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.

Recommended Story: Google Finance Portfolio Workaround

Receive News & Ratings for Linamar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar and related companies with MarketBeat.com's FREE daily email newsletter.