Linamar (TSE:LNR) Reaches New 1-Year High – Time to Buy?

Linamar Co. (TSE:LNR) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$88.22 and last traded at C$86.98, with a volume of 27812 shares trading hands. The stock had previously closed at C$87.31.

Analysts Set New Price Targets

LNR has been the subject of a number of research reports. Scotiabank raised their target price on Linamar from C$80.00 to C$83.00 in a research note on Friday, October 17th. TD Securities raised their price objective on shares of Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. Finally, CIBC upped their target price on shares of Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linamar has a consensus rating of “Moderate Buy” and an average target price of C$87.60.

Linamar Stock Performance

The firm has a fifty day moving average of C$80.57 and a 200-day moving average of C$75.02. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The firm has a market cap of C$5.22 billion, a P/E ratio of 21.20, a PEG ratio of 1.12 and a beta of 1.63.

Linamar (TSE:LNR) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%.The firm had revenue of C$2.54 billion during the quarter. Research analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.

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.