Key Points
- Insider sale: Director David Harris sold 259 shares on November 18 at C$78.80, totaling C$20,409.20.
- Linamar reported quarterly EPS of C$2.51 on C$2.54 billion revenue, has a market cap of C$4.84 billion and trades near its 12‑month high (opened C$80.89) with a P/E of 19.63.
- Several analysts have raised price targets (TD to C$96, Scotiabank to C$83, CIBC to C$88) and the consensus rating is a Moderate Buy with a C$85.40 target.
Linamar Co. (TSE:LNR - Get Free Report) insider David Harris sold 259 shares of the firm's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of C$78.80, for a total value of C$20,409.20.
Linamar Stock Down 0.4%
Shares of Linamar stock opened at C$80.89 on Friday. Linamar Co. has a 12-month low of C$43.84 and a 12-month high of C$82.52. The stock has a market capitalization of C$4.84 billion, a P/E ratio of 19.63, a PEG ratio of 1.12 and a beta of 1.59. The company has a quick ratio of 0.75, a current ratio of 1.79 and a debt-to-equity ratio of 42.84. The stock has a 50 day moving average price of C$76.11 and a two-hundred day moving average price of C$71.83.
Linamar (TSE:LNR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported C$2.51 earnings per share (EPS) for the quarter. The business had revenue of C$2.54 billion during the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. Equities analysts expect that Linamar Co. will post 11.4332724 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on LNR shares. Scotiabank upped their price target on Linamar from C$80.00 to C$83.00 in a report on Friday, October 17th. Cibc World Mkts upgraded Linamar from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. TD Securities increased their price objective on shares of Linamar from C$85.00 to C$96.00 in a research note on Thursday, November 13th. Finally, CIBC lifted their target price on shares of Linamar from C$87.00 to C$88.00 in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Linamar presently has a consensus rating of "Moderate Buy" and a consensus target price of C$85.40.
Get Our Latest Stock Analysis on LNR
Linamar Company Profile
(
Get Free Report)
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.
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