Linamar Co. (TSE:LNR) Stock Has Consensus Target Price of C$110.71 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Linamar, with four holds and three buys among seven firms. The average 12-month price target is C$110.71, above the reported opening price of C$96.38.
• Recent analyst actions were generally positive on valuation targets: TD raised its target to C$123, CIBC to C$120, and Scotiabank to C$114, while BMO downgraded the stock to “Hold” with a C$105 target.
• Linamar has a C$5.68 billion market capitalization and trades at a price-to-earnings ratio of 8.41. Director Mark Stoddart sold approximately C$2.0 million in shares, while insiders collectively own 33.49% of the company.

Shares of Linamar Co. (TSE:LNR - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$110.71.

LNR has been the subject of a number of research reports. TD lifted their price objective on shares of Linamar from C$119.00 to C$123.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce increased their target price on shares of Linamar from C$115.00 to C$120.00 in a report on Thursday, August 13th. Scotiabank raised their price target on shares of Linamar from C$102.00 to C$114.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 13th. Finally, BMO Capital Markets downgraded shares of Linamar from an "outperform" rating to a "hold" rating and set a C$105.00 price target on the stock. in a research report on Friday, September 18th.

Linamar Price Performance

Shares of TSE LNR opened at C$96.38 on Friday. Linamar has a twelve month low of C$70.00 and a twelve month high of C$110.58. The company has a current ratio of 1.88, a quick ratio of 0.75 and a debt-to-equity ratio of 32.89. The company has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 1.12 and a beta of 1.62. The business has a 50 day simple moving average of C$100.97 and a 200-day simple moving average of C$96.93.

Insiders Place Their Bets

In other Linamar news, Director Mark Stoddart sold 18,932 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$105.58, for a total value of C$1,998,840.56. Following the transaction, the director owned 455,914 shares of the company's stock, valued at C$48,135,400.12. This trade represents a 3.99% decrease in their ownership of the stock. 33.49% of the stock is currently owned by company insiders.

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.

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