Linamar (TSE:LNR) Price Target Raised to C$115.00

Linamar (TSE:LNR) had its target price hoisted by investment analysts at Canadian Imperial Bank of Commerce from C$110.00 to C$115.00 in a research report issued on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price suggests a potential upside of 13.31% from the stock’s previous close.

LNR has been the subject of a number of other reports. Raymond James Financial boosted their price objective on shares of Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. Scotia lifted their target price on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. TD lifted their target price on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Scotiabank lowered their price target on 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. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$103.29.

Linamar Stock Up 1.6%

TSE:LNR traded up C$1.60 on Tuesday, reaching C$101.49. 76,393 shares of the stock traded hands, compared to its average volume of 123,461. The company has a market capitalization of C$6.01 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 1.12 and a beta of 1.72. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. Linamar has a 12 month low of C$65.60 and a 12 month high of C$107.12. The company’s fifty day simple moving average is C$99.62 and its 200 day simple moving average is C$91.77.

Linamar (TSE:LNR) last issued its 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%. Equities analysts predict that Linamar will post 11.4332724 EPS for the current fiscal year.

Insider Transactions at Linamar

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

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.