Shares of Linamar Co. (TSE:LNR) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$74.00.
LNR has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on Linamar from C$71.00 to C$74.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 3rd. BMO Capital Markets set a C$70.00 price target on Linamar and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Finally, TD Securities lowered their price target on Linamar from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd.
Shares of Linamar (LNR) traded up 0.76% during mid-day trading on Friday, reaching $73.01. The company had a trading volume of 109,037 shares. Linamar has a 52 week low of $47.00 and a 52 week high of $73.34. The stock has a 50 day moving average of $69.05 and a 200-day moving average of $63.67. The company has a market capitalization of $4.77 billion and a price-to-earnings ratio of 8.84.
Linamar (TSE:LNR) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported C$2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.35 by C$0.10. The company had revenue of C$1.77 billion for the quarter, compared to the consensus estimate of C$1.71 billion. Linamar had a return on equity of 22.89% and a net margin of 9.17%. On average, analysts expect that Linamar will post $8.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Wednesday, August 23rd. This is an increase from Linamar’s previous quarterly dividend of $0.10.
In other news, insider Alexander Drolc sold 651 shares of the firm’s 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. Also, insider Jose Manuel Chaves bought 2,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was purchased at an average price of C$63.16 per share, for a total transaction of C$126,320.00.
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.
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