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

Shares of Linamar Co. (TSE:LNR) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings 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 price objective among brokers that have covered the stock in the last year is C$102.57.

LNR has been the subject of several recent research reports. Scotia lifted their price target on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. TD lifted their price target on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial lifted their price target on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. TD Securities lifted their price target on Linamar from C$103.00 to C$114.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Scotiabank cut their price objective on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Friday, April 24th.

Insiders Place Their Bets

In other Linamar news, insider Csaba Havasi sold 3,000 shares of Linamar stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$97.47, for a total value of C$292,410.00. Following the completion of the transaction, the insider owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock. Insiders own 33.49% of the company’s stock.

Linamar Stock Performance

Shares of Linamar stock opened at C$102.00 on Monday. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75. The firm has a fifty day moving average price of C$89.60 and a 200 day moving average price of C$87.03. Linamar has a 1 year low of C$61.22 and a 1 year high of C$103.19. The stock has a market cap of C$6.04 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68.

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

About Linamar

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.