Linamar (TSE:LNR) Shares Cross Above 200-Day Moving Average of $61.52

Linamar Co. (TSE:LNR – Get Rating) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$61.52 and traded as high as C$66.63. Linamar shares last traded at C$66.28, with a volume of 168,459 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on LNR shares. Scotiabank raised their target price on Linamar from C$80.00 to C$90.00 in a report on Wednesday, December 7th. Raymond James set a C$82.00 price objective on Linamar and gave the stock an “outperform” rating in a report on Friday, January 13th. CIBC lifted their price objective on Linamar from C$75.00 to C$80.00 in a report on Friday, December 23rd. TD Securities decreased their price objective on Linamar from C$86.00 to C$77.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Finally, BMO Capital Markets lifted their price objective on Linamar from C$62.00 to C$65.00 in a report on Thursday, November 10th.

Linamar Trading Up 3.3 %

The company has a 50 day moving average of C$64.02 and a 200 day moving average of C$61.62. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 28.18. The firm has a market cap of C$4.35 billion and a price-to-earnings ratio of 11.46.

Linamar (TSE:LNR – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported C$1.91 EPS for the quarter. The company had revenue of C$2.10 billion during the quarter. As a group, research analysts anticipate that Linamar Co. will post 8.0200011 EPS for the current year.

Insider Buying and Selling at Linamar

In other Linamar news, Director Linda Hasenfratz acquired 50,000 shares of the business’s stock in a transaction on Monday, December 12th. The stock was purchased at an average price of C$66.23 per share, for a total transaction of C$3,311,500.00. Following the transaction, the director now owns 300,000 shares in the company, valued at approximately C$19,869,000. In other news, Senior Officer Christopher John Merchant bought 630 shares of the company’s stock in a transaction dated Monday, December 19th. The stock was bought at an average price of C$61.59 per share, for a total transaction of C$38,801.70. Following the completion of the transaction, the insider now directly owns 3,239 shares in the company, valued at approximately C$199,490.01. Also, Director Linda Hasenfratz bought 50,000 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were purchased at an average price of C$66.23 per share, with a total value of C$3,311,500.00. Following the transaction, the director now owns 300,000 shares of the company’s stock, valued at C$19,869,000. In the last quarter, insiders acquired 50,938 shares of company stock worth $3,369,216.

About Linamar

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Linamar Corporation, together with its subsidiaries, design, develop, and produce engineered products in Canada, North America, Europe, and the Asia Pacific. It operates through two segments, Mobility and Industrial. The Mobility segment engages in the design, development, and manufacture of precision metallic components, modules, and systems for vehicle and power generation markets.