Linamar Co. (TSE:LNR) Director Linda Hasenfratz Purchases 50,000 Shares

Linamar Co. (TSE:LNR) Director Linda Hasenfratz bought 50,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of C$60.01 per share, for a total transaction of C$3,000,500.00.

Linamar Stock Down 1.0 %

Shares of LNR opened at C$55.99 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 46.32. Linamar Co. has a 12 month low of C$54.95 and a 12 month high of C$73.84. The firm’s 50 day moving average is C$60.95 and its 200-day moving average is C$63.61. The stock has a market capitalization of C$3.45 billion, a PE ratio of 5.71, a P/E/G ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNR) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 EPS for the quarter, topping analysts’ consensus estimates of C$2.15 by C$0.20. The firm had revenue of C$2.64 billion for the quarter, compared to analyst estimates of C$2.75 billion. Linamar had a return on equity of 11.31% and a net margin of 5.77%. Equities research analysts forecast that Linamar Co. will post 11.4332724 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNR. Scotiabank cut Linamar from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. TD Securities cut shares of Linamar from a “buy” rating to a “hold” rating and cut their price target for the company from C$89.00 to C$68.00 in a research note on Wednesday, November 13th. BMO Capital Markets lowered their price objective on shares of Linamar from C$80.00 to C$75.00 in a research note on Wednesday, November 13th. CIBC cut their price objective on Linamar from C$85.00 to C$84.00 in a research report on Thursday, November 14th. Finally, Raymond James cut their target price on shares of Linamar from C$74.00 to C$70.00 in a research note on Thursday, November 14th.

Linamar Company Profile

Linamar Corporation, together with its subsidiaries, produces engineered products in Canada, Europe, the Asia Pacific, and rest of North America. It operates through two segments, Mobility and Industrial. The Mobility segment focuses on light metal casting, forging, machining, and assembly for electrified and powered vehicle markets.