Linamar Co. (TSE:LNR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts have assigned Linamar a consensus rating of Moderate Buy from six brokerages (three buys, three holds) with an average 12‑month price target of C$102.57, and several firms recently revised targets (TD to C$119, CIBC to C$110, Scotiabank trimmed to C$96).
• Shares rose 5.9% to C$96.05 on heavy volume, trading near a 52‑week high of C$98.65, and the company carries a market cap of C$5.71 billion with a P/E of 9.87.
• In the most recent quarter Linamar reported EPS of C$3.28 on C$2.94 billion revenue, with a net margin of 5.71% and return on equity of 9.92%.

Shares of Linamar Co. (TSE:LNR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$102.57.

Several analysts recently issued reports on LNR shares. Canadian Imperial Bank of Commerce lifted their price target on shares of Linamar from C$105.00 to C$110.00 in a research report on Thursday. TD lifted their price target on shares of Linamar from C$116.00 to C$119.00 and gave the company a "buy" rating in a research report on Thursday. Scotiabank reduced their price target on shares of Linamar from C$99.00 to C$96.00 and set a "sector perform" rating for the company in a research report on Friday, April 24th. Raymond James Financial lifted their price target on shares of Linamar from C$90.00 to C$100.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Scotia lifted their price target on shares of Linamar from C$96.00 to C$99.00 and gave the company a "sector perform" rating in a research report on Thursday.

Linamar Trading Up 5.9%

Shares of LNR stock traded up C$5.39 during trading hours on Thursday, hitting C$96.05. 158,852 shares of the company were exchanged, compared to its average volume of 122,454. The company has a 50 day simple moving average of C$87.25 and a two-hundred day simple moving average of C$84.31. Linamar has a fifty-two week low of C$55.67 and a fifty-two week high of C$98.65. The company has a debt-to-equity ratio of 34.42, a quick ratio of 0.75 and a current ratio of 1.73. The firm has a market cap of C$5.71 billion, a P/E ratio of 9.87, a P/E/G ratio of 1.12 and a beta of 1.68.

Linamar (TSE:LNR - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. Linamar had a net margin of 5.71% and a return on equity of 9.92%. The business had revenue of C$2.94 billion during the quarter. Equities analysts anticipate that Linamar will post 11.4332724 EPS for the current year.

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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