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

Linamar Co. (TSE:LNR) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$93.88 and traded as high as C$106.12. Linamar shares last traded at C$105.67, with a volume of 200,524 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LNR shares. Scotia raised their price target 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. Raymond James Financial boosted their price objective on 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. Canadian Imperial Bank of Commerce increased their price objective on Linamar from C$110.00 to C$115.00 in a research note on Tuesday, July 14th. TD raised their target price on shares of 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 lifted their target price on shares of Linamar from C$99.00 to C$102.00 and gave the stock a “sector perform” rating in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Linamar has a consensus rating of “Moderate Buy” and a consensus price target of C$104.14.

Linamar Trading Down 4.3%

The company has a debt-to-equity ratio of 35.07, a current ratio of 1.50 and a quick ratio of 0.75. The firm’s 50 day moving average price is C$102.28 and its 200 day moving average price is C$94.02. The stock has a market capitalization of C$6.10 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.12 and a beta of 1.71.

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

Insider Buying and Selling at Linamar

In other news, insider Csaba Havasi sold 3,000 shares of Linamar stock in a transaction that occurred on 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 sale, the insider directly owned 71,543 shares in the company, valued at approximately C$6,973,296.21. This trade represents a 4.02% decrease in their position. 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.