Linamar Co. (TSE:LNR) Stock Rated “Hold” by Wall Street Brokerages

Shares of Linamar Co. (TSE:LNR) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$110.29.

A number of brokerages have issued reports on LNR. Canadian Imperial Bank of Commerce increased their target price on shares of Linamar from C$115.00 to C$120.00 in a research report on Thursday, August 13th. Scotiabank lifted their price target on shares of Linamar from C$102.00 to C$114.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. TD cut their price target on Linamar from C$123.00 to C$120.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Finally, BMO Capital Markets cut Linamar from an “outperform” rating to a “hold” rating and set a C$105.00 price target for the company. in a research note on Friday, September 18th.

Insider Activity

In related news, Director Mark Stoddart sold 18,932 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total transaction of C$1,998,840.56. Following the sale, the director owned 455,914 shares in the company, valued at approximately C$48,135,400.12. This trade represents a 3.99% decrease in their position. Corporate insiders own 33.49% of the company’s stock.

Linamar Price Performance

TSE:LNR opened at C$90.46 on Thursday. The company has a market cap of C$5.34 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.12 and a beta of 1.62. The firm’s fifty day moving average price is C$95.34 and its two-hundred day moving average price is C$94.95. Linamar has a one year low of C$73.27 and a one year high of C$110.58. The company has a debt-to-equity ratio of 32.89, a current ratio of 1.88 and a quick ratio of 0.75.

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.