Linamar (TSE:LNR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Linamar Co. (TSE:LNR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$88.34 and traded as high as C$106.30. Linamar shares last traded at C$103.37, with a volume of 161,059 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Scotia raised their price target on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Raymond James Financial raised their price target on Linamar from C$90.00 to C$100.00 and gave the company a “market perform” rating in a report on Thursday, May 7th. Scotiabank cut their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Canadian Imperial Bank of Commerce lifted their target price on Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. Finally, TD Securities lifted their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$102.57.

Linamar Trading Down 1.5%

The stock has a market cap of C$6.12 billion, a PE ratio of 9.84, a PEG ratio of 1.12 and a beta of 1.75. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The stock has a fifty day moving average price of C$92.35 and a 200 day moving average price of C$88.34.

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

Insider Transactions at Linamar

In related news, insider Csaba Havasi sold 3,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the completion of the transaction, the insider owned 71,543 shares in the company, valued at C$6,973,296.21. The trade was a 4.02% decrease in their position. 33.49% of the stock is currently 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.