Linamar (TSE:LNR) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Linamar Co. (TSE:LNR) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$90.28 and traded as high as C$103.15. Linamar shares last traded at C$100.19, with a volume of 70,349 shares traded.

Wall Street Analyst Weigh In

LNR has been the topic of a number of research reports. TD Securities increased their price objective on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Scotiabank decreased their target price on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Scotia upped their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Raymond James Financial increased 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. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Linamar from C$105.00 to C$110.00 in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Linamar currently has an average rating of “Moderate Buy” and an average target price of C$102.57.

Linamar Trading Down 0.3%

The firm 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. The company has a 50-day simple moving average of C$95.95 and a 200 day simple moving average of 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.

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

Insider Buying and Selling

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. Corporate 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.