Linamar (TSE:LNR) PT Raised to C$97.00 at TD Securities

Linamar (TSE:LNR - Free Report) had its price objective increased by TD Securities from C$86.00 to C$97.00 in a report released on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Scotiabank upped their target price on shares of Linamar from C$85.00 to C$90.00 in a research note on Thursday. BMO Capital Markets upped their target price on shares of Linamar from C$80.00 to C$90.00 in a research note on Thursday. Raymond James boosted their price target on shares of Linamar from C$70.00 to C$74.00 in a report on Thursday. Finally, CIBC boosted their price target on shares of Linamar from C$90.00 to C$92.00 in a report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$88.60.

Linamar Stock Performance

TSE:LNR traded up C$4.46 during trading hours on Thursday, hitting C$70.25. 287,785 shares of the company traded hands, compared to its average volume of 85,033. The stock has a market capitalization of C$4.33 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 1.12 and a beta of 1.45. Linamar has a twelve month low of C$56.78 and a twelve month high of C$78.89. The firm has a 50-day moving average of C$67.94 and a 200 day moving average of C$64.50. The company has a current ratio of 1.59, a quick ratio of 0.75 and a debt-to-equity ratio of 33.30.

Linamar (TSE:LNR - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported C$1.98 EPS for the quarter, beating the consensus estimate of C$1.75 by C$0.23. The firm had revenue of C$2.45 billion during the quarter, compared to analysts' expectations of C$2.40 billion. Linamar had a net margin of 5.17% and a return on equity of 9.93%. On average, analysts forecast that Linamar will post 10.0864553 EPS for the current year.

Linamar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Linamar's previous quarterly dividend of $0.22. Linamar's payout ratio is 12.24%.

Insider Buying and Selling at Linamar

In other news, Senior Officer Michael Willard Russell acquired 586 shares of the firm's stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of C$69.93 per share, with a total value of C$40,978.98. Following the completion of the purchase, the insider now owns 586 shares of the company's stock, valued at C$40,978.98. Insiders own 35.92% of the company's stock.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.