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

Linamar Co. (TSE:LNR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$65.65 and traded as high as C$76.33. Linamar shares last traded at C$75.64, with a volume of 87,179 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Linamar from C$75.00 to C$80.00 in a research report on Thursday, August 14th. CIBC raised shares of Linamar from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from C$77.00 to C$87.00 in a research report on Tuesday, August 26th. TD Securities increased their price objective on shares of Linamar from C$78.00 to C$85.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Raymond James Financial increased their price objective on shares of Linamar from C$70.00 to C$80.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, Cibc World Mkts upgraded shares of Linamar from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$83.00.

Linamar Price Performance

The company has a market capitalization of C$4.52 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. The company's 50-day moving average price is C$74.65 and its two-hundred day moving average price is C$65.65. The company has a debt-to-equity ratio of 42.84, a current ratio of 1.79 and a quick ratio of 0.75.

Linamar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Investors of record on Friday, August 22nd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Linamar's previous quarterly dividend of $0.25. Linamar's dividend payout ratio (DPR) is currently 29.46%.

About Linamar

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.

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