Linamar (TSE:LNR) Reaches New 1-Year Low - What's Next?

Linamar Co. (TSE:LNR - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$51.55 and last traded at C$53.50, with a volume of 156375 shares changing hands. The stock had previously closed at C$56.54.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered their price target on Linamar from C$80.00 to C$75.00 in a research report on Wednesday, November 13th. Scotiabank lowered Linamar from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$86.00 to C$77.00 in a report on Tuesday, October 29th. TD Securities cut shares of Linamar from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$89.00 to C$68.00 in a research report on Wednesday, November 13th. Raymond James reduced their target price on shares of Linamar from C$74.00 to C$70.00 in a report on Thursday, November 14th. Finally, CIBC set a C$85.00 price objective on shares of Linamar and gave the stock an "outperform" rating in a research report on Monday, January 13th.

Linamar Price Performance

The company has a market capitalization of C$3.32 billion, a P/E ratio of 5.50, a PEG ratio of 1.12 and a beta of 1.41. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 46.32. The company's fifty day moving average price is C$58.19 and its 200 day moving average price is C$61.06.

Linamar (TSE:LNR - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, beating analysts' consensus estimates of C$2.15 by C$0.20. Linamar had a return on equity of 11.31% and a net margin of 5.77%. The firm had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. As a group, sell-side analysts forecast that Linamar Co. will post 11.4332724 EPS for the current year.

Insider Buying and Selling at Linamar

In other news, insider Linamar Corporation acquired 15,000 shares of the stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of C$63.01 per share, for a total transaction of C$945,097.50. Also, Director Linda Hasenfratz bought 50,000 shares of Linamar stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of C$60.01 per share, for a total transaction of C$3,000,500.00. Insiders have bought a total of 90,101 shares of company stock valued at $5,475,561 in the last ninety days. 33.49% of the stock is currently owned by company insiders.

About Linamar

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.