Linamar (TSE:LNR) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Linamar Co. (TSE:LNR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$89.32 and traded as high as C$103.12. Linamar shares last traded at C$100.73, with a volume of 94,215 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD increased their price objective on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Scotia boosted their target price on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. TD Securities upped their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Canadian Imperial Bank of Commerce upped their target price on Linamar from C$105.00 to C$110.00 in a research note 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.57.

Linamar Stock Up 1.3%

The stock’s fifty day moving average price is C$94.59 and its 200 day moving average price is C$89.47. The stock has a market cap of C$6.02 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 1.12 and a beta of 1.75. 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 (TSE:LNR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a net margin of 5.90% and a return on equity of 10.37%. The company had revenue of C$2.94 billion during the quarter. As a group, research analysts forecast that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.

Insider Transactions at Linamar

In other Linamar news, insider Csaba Havasi sold 3,000 shares of Linamar stock in a transaction dated 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 sale, the insider owned 71,543 shares of the company’s stock, valued at C$6,973,296.21. The trade was a 4.02% decrease in their ownership of the stock. 33.49% of the stock is currently owned by company 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.