Linamar Co. (TSE:LNR) passed above its 200-day moving average during trading on Monday after CIBC upgraded the stock from a neutral rating to an outperform rating. The stock has a 200-day moving average of $44.61 and traded as high as $43.45. CIBC now has a C$82.00 price target on the stock, up from their previous price target of C$70.00. Linamar shares last traded at $42.86, with a volume of 93,187 shares changing hands.

LNR has been the topic of several other research reports. BMO Capital Markets decreased their target price on Linamar from C$77.00 to C$70.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 8th. TD Securities decreased their target price on Linamar from C$73.00 to C$70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada reduced their price objective on Linamar from C$86.00 to C$83.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 8th.

In related news, insider Linamar Corporation acquired 60,000 shares of Linamar stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of C$38.66 per share, for a total transaction of C$2,319,786.00. Following the completion of the transaction, the insider now owns 180,000 shares in the company, valued at approximately C$6,959,358. In the last quarter, insiders have purchased 240,000 shares of company stock worth $9,531,084.

The stock has a market cap of $2.79 billion and a PE ratio of 5.40. The company has a quick ratio of 1.30, a current ratio of 2.00 and a debt-to-equity ratio of 60.62. The stock has a 50-day moving average of C$41.35 and a 200 day moving average of C$44.61.

Linamar (TSE:LNR) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$2.40 EPS for the quarter. The company had revenue of C$2.09 billion for the quarter. Research analysts forecast that Linamar Co. will post 7.0937239 EPS for the current fiscal year.

Linamar Company Profile (TSE:LNR)

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

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