Shares of Linamar Co. (TSE:LNR) have received an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$74.00.
Several analysts have issued reports on LNR shares. TD Securities dropped their target price 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. BMO Capital Markets set a C$70.00 target price on Linamar and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada increased their target price on Linamar from C$71.00 to C$74.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd.
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In related news, insider Kenneth Mcdougall sold 4,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of C$62.10, for a total value of C$248,400.00. Also, Director William Harrison sold 5,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of C$63.75, for a total value of C$318,750.00. Insiders sold a total of 9,651 shares of company stock valued at $612,720 in the last three months.
Linamar (LNR) traded up 0.22% during midday trading on Friday, hitting $72.01. The company had a trading volume of 292,411 shares. Linamar has a 52 week low of $47.00 and a 52 week high of $72.53. The stock has a 50 day moving average price of $68.94 and a 200 day moving average price of $63.53. The company has a market capitalization of $4.70 billion and a P/E ratio of 8.72.
Linamar (TSE:LNR) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported C$2.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of C$1.71 billion. Equities analysts forecast that Linamar will post $8.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Friday, August 25th were given a $0.12 dividend. This is a boost from Linamar’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, August 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.67%.
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.
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