Linamar Co. (LNR) Announces Quarterly Dividend of C$0.10
Linamar (TSE:LNR) declared a Quarterly dividend on Thursday, August 21st, American Banking & Market News reports. Investors of record on Friday, September 12th will be given a dividend of 0.10 per share on Friday, September 12th. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of analysts have recently weighed in on LNR shares. Analysts at BMO Capital Markets raised their price target on shares of Linamar from C$77.00 to C$80.00 in a research note on Tuesday, August 12th. On a related note, analysts at TD Securities upgraded shares of Linamar from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. Finally, analysts at Scotiabank raised their price target on shares of Linamar from C$75.00 to C$76.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Linamar currently has a consensus rating of “Buy” and a consensus target price of C$69.00.
Linamar (TSE:LNR) opened at 64.10 on Thursday. Linamar has a 52-week low of $32.18 and a 52-week high of $67.67. The stock has a 50-day moving average of $62.98 and a 200-day moving average of $56.69. The company has a market cap of $4.153 billion and a price-to-earnings ratio of 14.14.
Linamar (TSE:LNR) last released its earnings data on Monday, August 11th. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.28 by $0.10. On average, analysts predict that Linamar will post $4.44 earnings per share for the current fiscal year.
Linamar Corporation (TSE:LNR) is a diversified global manufacturing company of engineered products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.