Brokerages Set Linamar Co. (TSE:LNR) Target Price at C$102.57

Shares of Linamar Co. (TSE:LNR) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$102.57.

A number of equities research analysts have recently weighed in on LNR shares. Raymond James Financial lifted 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 research report on Thursday, May 7th. TD boosted their target price on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Scotiabank dropped their price target on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Canadian Imperial Bank of Commerce raised their price objective on shares of Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. Finally, TD Securities raised their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th.

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 shares were sold at an average price of C$97.47, for a total value of C$292,410.00. Following 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 ownership of the stock. 33.49% of the stock is currently owned by insiders.

Linamar Stock Down 5.0%

Linamar stock opened at C$95.54 on Friday. The stock has a market cap of C$5.66 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.12 and a beta of 1.75. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 35.07. Linamar has a twelve month low of C$64.38 and a twelve month high of C$107.12. The company’s 50-day moving average price is C$97.66 and its two-hundred day moving average price is C$90.96.

Linamar (TSE:LNR) last released its quarterly earnings results 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. As a group, analysts expect that Linamar will post 11.4332724 EPS for the current year.

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.