Linamar (TSE:LNR) Sets New 1-Year High – Time to Buy?
by Jessica Moore · The Cerbat GemLinamar Co. (TSE:LNR – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$99.33 and last traded at C$98.76, with a volume of 15582 shares changing hands. The stock had previously closed at C$97.13.
Analyst Ratings Changes
LNR has been the topic of a number of research reports. Scotiabank decreased their price objective on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Scotia upped their price objective on Linamar from C$96.00 to C$99.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their target price on Linamar from C$105.00 to C$110.00 in a report on Thursday, May 7th. TD increased their target price on Linamar from C$116.00 to C$119.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, TD Securities increased their target price on Linamar from C$103.00 to C$114.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Linamar currently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.57.
Read Our Latest Analysis on LNR
Linamar Trading Down 2.4%
The company has a market capitalization of C$5.68 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 1.12 and a beta of 1.68. The company has a debt-to-equity ratio of 35.07, a quick ratio of 0.75 and a current ratio of 1.50. The firm has a fifty day moving average price of C$87.56 and a 200-day moving average price of C$85.32.
Linamar (TSE:LNR – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C$3.28 earnings per share (EPS) for the quarter. The company had revenue of C$2.94 billion for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%. As a group, equities analysts anticipate 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.