Linamar (TSE:LNR) Shares Cross Above 200 Day Moving Average - Time to Sell?

Linamar Co. (TSE:LNR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$83.85 and traded as high as C$90.88. Linamar shares last traded at C$89.58, with a volume of 112,587 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LNR. Canadian Imperial Bank of Commerce upped their price target on shares of Linamar from C$99.00 to C$105.00 in a research note on Friday, March 6th. TD upped their price target on shares of Linamar from C$114.00 to C$116.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. TD Securities upped their price target on shares of Linamar from C$103.00 to C$114.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Raymond James Financial decreased their price target on shares of Linamar from C$100.00 to C$90.00 and set a "market perform" rating on the stock in a research note on Thursday, April 16th. Finally, Scotiabank reduced their target price on shares of Linamar from C$99.00 to C$96.00 and set a "sector perform" rating on the stock in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$100.17.

Linamar Trading Down 1.4%

The firm has a market cap of C$5.33 billion, a PE ratio of 9.21, a P/E/G ratio of 1.12 and a beta of 1.58. The company has a quick ratio of 0.75, a current ratio of 1.73 and a debt-to-equity ratio of 34.42. The company's 50 day moving average price is C$87.38 and its two-hundred day moving average price is C$83.85.

Linamar (TSE:LNR - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported C$2.28 earnings per share 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$2.52 billion for the quarter. As a group, sell-side analysts forecast that Linamar Co. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.