Linamar (TSE:LNR) Price Target Raised to C$103.00

Linamar (TSE:LNR) had its target price lifted by TD Securities from C$96.00 to C$103.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on LNR. Canadian Imperial Bank of Commerce increased their price objective on Linamar from C$88.00 to C$99.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Scotiabank upped their target price on Linamar from C$83.00 to C$98.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$92.00.

Linamar Price Performance

LNR stock opened at C$88.58 on Thursday. The firm has a 50 day moving average of C$84.51 and a 200-day moving average of C$77.82. The firm has a market capitalization of C$5.30 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.12 and a beta of 1.60. Linamar has a 12 month low of C$43.84 and a 12 month high of C$91.43. The company has a current ratio of 1.79, a quick ratio of 0.75 and a debt-to-equity ratio of 42.84.

Linamar (TSE:LNR) last posted its earnings results on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. The business had revenue of C$2.54 billion for the quarter. As a group, sell-side analysts predict that Linamar will post 11.4332724 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Linamar news, insider Alexander Drolc sold 427 shares of Linamar stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of C$88.00, for a total transaction of C$37,576.00. 33.49% of the stock is owned by insiders.

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.