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

Linamar Co. (TSE:LNR) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$102.57.

A number of research analysts recently commented on LNR shares. Raymond James Financial raised their price target on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. TD Securities raised their price target on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Scotiabank decreased their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. TD raised their price target on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce raised their price target on Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th.

Linamar Stock Down 0.3%

Shares of TSE LNR opened at C$100.19 on Friday. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. Linamar has a 52 week low of C$63.16 and a 52 week high of C$107.12. The stock has a market capitalization of C$5.93 billion, a P/E ratio of 9.54, a PEG ratio of 1.12 and a beta of 1.75. The stock’s fifty day moving average is C$95.95 and its 200 day moving average is C$90.28.

Linamar (TSE:LNR) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The company had revenue of C$2.94 billion for the quarter. Sell-side analysts forecast that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Insider Activity at Linamar

In related news, insider Csaba Havasi sold 3,000 shares of the firm’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 owned 71,543 shares in the company, valued at approximately C$6,973,296.21. This trade represents a 4.02% decrease in their ownership of the stock. Insiders own 33.49% of the company’s stock.

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.