Linamar (TSE:LNR) Price Target Raised to C$102.00

Linamar (TSE:LNR) had its price target hoisted by Scotiabank from C$99.00 to C$102.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other research analysts have also recently issued reports about the company. TD lifted their price target on Linamar from C$116.00 to C$119.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Raymond James Financial upped their price objective on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a research report on Thursday, May 7th. Scotia raised their price objective on shares of Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Linamar from C$110.00 to C$115.00 in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Linamar has an average rating of “Moderate Buy” and an average target price of C$104.14.

Linamar Price Performance

Shares of LNR opened at C$104.78 on Monday. The business’s 50-day moving average is C$100.97 and its two-hundred day moving average is C$92.77. The company has a market capitalization of C$6.20 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.12 and a beta of 1.72. Linamar has a fifty-two week low of C$65.60 and a fifty-two week high of C$107.12. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50.

Linamar (TSE:LNR) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The business had revenue of C$2.94 billion during the quarter. Research analysts predict that Linamar will post 11.4332724 earnings per share for the current year.

Insider Buying and Selling at Linamar

In related news, insider Csaba Havasi sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total value of C$292,410.00. Following the completion of the transaction, the insider 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 position. 33.49% of the stock is currently owned by corporate 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.