Key Points
- Insider sale: Linamar insider Csaba Havasi sold 3,000 shares on May 14 at an average price of C$97.47, reducing his holdings by 4.02% to 71,543 shares.
- Company performance: Linamar recently reported quarterly earnings of C$3.28 per share on revenue of C$2.94 billion, with analysts forecasting full-year EPS of about 11.43.
- Analyst view: Wall Street sentiment remains positive overall, with a consensus rating of Moderate Buy and an average target price of C$102.57, despite mixed individual ratings.
Linamar Co. (TSE:LNR - Get Free Report) insider Csaba Havasi sold 3,000 shares of the firm's stock in a transaction 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 C$6,973,296.21. The trade was a 4.02% decrease in their position.
Linamar Stock Performance
LNR stock opened at C$95.28 on Friday. Linamar Co. has a 1-year low of C$60.11 and a 1-year high of C$99.97. The company has a current ratio of 1.50, a quick ratio of 0.75 and a debt-to-equity ratio of 35.07. The firm has a market cap of C$5.64 billion, a PE ratio of 9.07, a P/E/G ratio of 1.12 and a beta of 1.68. The business's 50-day moving average price is C$87.95 and its two-hundred day moving average price is C$85.92.
Linamar (TSE:LNR - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The company had revenue of C$2.94 billion for the quarter. As a group, research analysts forecast that Linamar Co. will post 11.4332724 earnings per share for the current year.
Wall Street Analysts Forecast Growth
LNR has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. TD Securities boosted their price objective on shares of Linamar from C$103.00 to C$114.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Raymond James Financial upped their target price on shares of Linamar from C$90.00 to C$100.00 and gave the stock a "market perform" rating in a research note on Thursday, May 7th. Scotiabank lowered their target price on Linamar from C$99.00 to C$96.00 and set a "sector perform" rating for the company in a report on Friday, April 24th. Finally, Scotia upped their price objective 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$102.57.
View Our Latest Report on Linamar
Linamar Company Profile
(
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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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