Linamar Co. (TSE:LNR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Linamar Co. (TSE:LNR) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$102.57.

LNR has been the topic of a number of research analyst reports. Scotia increased their price target on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. TD increased their price objective 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. Raymond James Financial increased their price objective 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 increased their price objective 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. Finally, Canadian Imperial Bank of Commerce increased their price objective on Linamar from C$105.00 to C$110.00 in a research report on Thursday, May 7th.

Linamar Stock Down 0.3%

LNR opened at C$100.19 on Friday. Linamar has a 1-year low of C$63.16 and a 1-year high of C$107.12. The stock’s fifty day simple moving average is C$95.95 and its 200 day simple moving average is C$90.28. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. The stock has a market cap of C$5.93 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.12 and a beta of 1.75.

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

Insiders Place Their Bets

In other Linamar news, insider Csaba Havasi sold 3,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the transaction, the insider owned 71,543 shares in the company, valued at C$6,973,296.21. This trade represents a 4.02% decrease in their position. 33.49% of the stock is owned by insiders.

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.