Linamar Co. (LNR) Sets New 52-Week High at $72.53

Shares of Linamar Co. (TSE:LNR) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$72.53 and last traded at C$72.18, with a volume of 40,043 shares trading hands. The stock had previously closed at C$71.56.

A number of analysts have recently issued reports on the stock. TD Securities lowered their target price on shares of Linamar from C$73.00 to C$72.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. BMO Capital Markets set a C$70.00 target price on shares of Linamar and gave the company a “market perform” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Linamar from C$71.00 to C$74.00 and gave the company a “sector perform” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Linamar presently has a consensus rating of “Hold” and a consensus target price of C$74.00.

The company has a market capitalization of $4.70 billion and a PE ratio of 8.72. The stock’s 50 day moving average price is $68.94 and its 200 day moving average price is $63.53.

Linamar (TSE:LNR) last announced its earnings results on Wednesday, August 2nd. The company reported C$2.45 EPS for the quarter, beating analysts’ consensus estimates of C$2.35 by C$0.10. Linamar had a return on equity of 22.89% and a net margin of 9.17%. The company had revenue of C$1.77 billion during the quarter, compared to analysts’ expectations of C$1.71 billion. On average, equities research analysts predict that Linamar Co. will post $8.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Wednesday, August 23rd. This is a boost from Linamar’s previous quarterly dividend of $0.10.

In other Linamar news, Director William Harrison sold 5,000 shares of Linamar stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of C$63.75, for a total transaction of C$318,750.00. Also, insider Alexander Drolc sold 651 shares of Linamar stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$70.00, for a total value of C$45,570.00. In the last 90 days, insiders have sold 9,651 shares of company stock valued at $612,720.

ILLEGAL ACTIVITY WARNING: “Linamar Co. (LNR) Sets New 52-Week High at $72.53” was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/16/linamar-co-lnr-sets-new-52-week-high-at-72-53.html.

Linamar Company Profile

Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The segments are divided into four operating groups: Machining & Assembly, Light Metal Casting, Forging and Skyjack.

Receive News & Ratings for Linamar Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linamar Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply