Linamar (TSE:LNR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Linamar Co. (TSE:LNR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$83.85 and traded as high as C$90.88. Linamar shares last traded at C$89.58, with a volume of 112,587 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. TD upped their price target on shares of Linamar from C$114.00 to C$116.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Scotiabank cut their price target on shares of Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Raymond James Financial cut their price target on shares of Linamar from C$100.00 to C$90.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$99.00 to C$105.00 in a report on Friday, March 6th. Finally, TD Securities upped their price target on shares of Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$100.17.

Linamar Trading Down 1.4%

The stock’s fifty day moving average price is C$87.38 and its 200 day moving average price is C$83.85. The company has a debt-to-equity ratio of 34.42, a current ratio of 1.73 and a quick ratio of 0.75. The stock has a market capitalization of C$5.33 billion, a P/E ratio of 9.21, a PEG ratio of 1.12 and a beta of 1.58.

Linamar (TSE:LNR) last posted its quarterly earnings results on Wednesday, March 4th. The company reported C$2.28 EPS for the quarter. The firm had revenue of C$2.52 billion for the quarter. Linamar had a net margin of 5.71% and a return on equity of 9.92%. Research analysts forecast that Linamar Co. 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.