Linamar Co. (TSE:LNR – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$106.18 and last traded at C$103.00, with a volume of 139624 shares. The stock had previously closed at C$102.00.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on LNR shares. Scotia upped their target price on Linamar from C$96.00 to C$99.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Raymond James Financial upped their target price on Linamar from C$90.00 to C$100.00 and gave the stock a “market perform” rating in a report on Thursday, May 7th. TD upped 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. TD Securities upped 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. Finally, Scotiabank decreased their price objective on Linamar from C$99.00 to C$96.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$102.57.
Read Our Latest Research Report on LNR
Linamar Stock Performance
Linamar (TSE:LNR – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$3.28 EPS for the quarter. Linamar had a return on equity of 10.37% and a net margin of 5.90%.The firm had revenue of C$2.94 billion during the quarter. Research analysts forecast that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.
Insider Activity at Linamar
In other news, insider Csaba Havasi sold 3,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.47, for a total transaction of C$292,410.00. Following the completion of the sale, the insider owned 71,543 shares in the company, valued at approximately C$6,973,296.21. This represents a 4.02% decrease in their position. Corporate insiders own 33.49% of the company’s stock.
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.
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