Linamar Co. (TSE:LNR) Given Average Rating of “Moderate Buy” by Brokerages

Linamar Co. (TSE:LNR) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$102.57.

Several analysts recently issued reports on LNR shares. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. 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 upped their price target on shares of Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. 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. Finally, TD upped their price target on shares of Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a report on Thursday, May 7th.

Linamar Trading Down 1.9%

LNR opened at C$103.44 on Monday. The stock has a market capitalization of C$6.13 billion, a PE ratio of 9.85, a P/E/G ratio of 1.12 and a beta of 1.75. The firm’s fifty day moving average price is C$91.61 and its 200 day moving average price is C$87.91. The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75. Linamar has a 12-month low of C$61.51 and a 12-month high of C$107.12.

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

Insiders Place Their Bets

In other Linamar news, insider Csaba Havasi sold 3,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the sale, the insider directly owned 71,543 shares of the company’s stock, valued at approximately C$6,973,296.21. This represents a 4.02% decrease in their ownership of the stock. 33.49% of the stock is currently owned by insiders.

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.