Linamar (TSE:LNR) Sets New 12-Month High – Here’s What Happened

by · The Cerbat Gem

Linamar Co. (TSE:LNR – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$81.40 and last traded at C$80.65, with a volume of 181767 shares traded. The stock had previously closed at C$77.08.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LNR shares. BMO Capital Markets boosted their price objective on shares of Linamar from C$75.00 to C$80.00 in a report on Thursday, August 14th. Scotiabank increased their price target on Linamar from C$80.00 to C$83.00 in a report on Friday, October 17th. TD Securities lifted their price objective on Linamar from C$85.00 to C$96.00 in a report on Thursday, November 13th. Raymond James Financial upped their target price on Linamar from C$70.00 to C$80.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. Finally, CIBC increased their target price on Linamar from C$87.00 to C$88.00 in a research note on Thursday, November 13th. One equities 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$85.40.

Check Out Our Latest Analysis on Linamar

Linamar Price Performance

The company has a market cap of C$4.82 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.12 and a beta of 1.59. The stock has a 50-day simple moving average of C$75.78 and a 200 day simple moving average of C$71.49. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79.

Linamar (TSE:LNR – Get Free Report) last issued its earnings results on Wednesday, November 12th. The company reported C$2.51 earnings per share for the quarter. The business had revenue of C$2.54 billion for the quarter. Linamar had a net margin of 5.58% and a return on equity of 10.73%. On average, equities analysts expect that Linamar Co. will post 11.4332724 EPS for the current year.

About Linamar

(Get Free Report)

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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