Key Points
- Insider sale: Linamar insider Alexander Drolc sold 427 shares on January 14 at an average price of C$88.00 for total proceeds of C$37,576.
- Analysts have been lifting targets recently—CIBC to C$99 and TD to C$96—with an average price target of C$87.60 and an overall consensus rating of "Moderate Buy."
- Company and stock snapshot: market capitalization C$5.22 billion, P/E 21.20, 52-week range C$43.84–C$88.63, and most recent quarter reported EPS of C$2.51 on revenue of C$2.54 billion.
Linamar Co. (TSE:LNR - Get Free Report) insider Alexander Drolc sold 427 shares of the firm's stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of C$88.00, for a total transaction of C$37,576.00.
Linamar Stock Up 0.6%
Shares of TSE:LNR opened at C$87.34 on Thursday. The firm has a market capitalization of C$5.22 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.12 and a beta of 1.63. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. Linamar Co. has a 52-week low of C$43.84 and a 52-week high of C$88.63. The firm has a fifty day moving average of C$81.06 and a 200 day moving average of C$75.27.
Linamar (TSE:LNR - Get Free Report) last released its quarterly earnings results on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. Linamar had a return on equity of 10.73% and a net margin of 5.58%.The business had revenue of C$2.54 billion for the quarter. As a group, research analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have commented on LNR. CIBC increased their price target on shares of Linamar from C$88.00 to C$99.00 and gave the company an "outperform" rating in a research report on Monday, January 5th. Scotiabank increased their target price on shares of Linamar from C$80.00 to C$83.00 in a report on Friday, October 17th. Finally, TD Securities lifted their target price on shares of Linamar from C$85.00 to C$96.00 in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$87.60.
Read Our Latest Research Report on Linamar
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. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.
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