Linamar Co. (TSE:LNR - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as C$54.88 and last traded at C$55.47, with a volume of 122825 shares. The stock had previously closed at C$57.21.
Analyst Ratings Changes
Several research firms recently issued reports on LNR. Raymond James dropped their target price on shares of Linamar from C$74.00 to C$70.00 in a report on Thursday, November 14th. TD Securities downgraded Linamar from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$89.00 to C$68.00 in a research note on Wednesday, November 13th. CIBC decreased their target price on Linamar from C$85.00 to C$84.00 in a research note on Thursday, November 14th. Scotiabank lowered Linamar from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. Finally, BMO Capital Markets cut their price target on Linamar from C$80.00 to C$75.00 in a report on Wednesday, November 13th.
Read Our Latest Analysis on LNR
Linamar Stock Performance
The company has a 50 day moving average price of C$59.25 and a 200 day moving average price of C$62.43. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68. The company has a market capitalization of C$3.39 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 1.12 and a beta of 1.41.
Linamar (TSE:LNR - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$2.35 EPS for the quarter, beating the consensus estimate 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. Equities research analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current fiscal year.
Insider Buying and Selling at Linamar
In other news, Director Linda Hasenfratz acquired 50,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was purchased at an average price of C$60.01 per share, for a total transaction of C$3,000,500.00. Also, insider Linamar Corporation acquired 15,000 shares of the stock in a transaction on Monday, December 9th. The stock was bought at an average cost of C$63.01 per share, for a total transaction of C$945,097.50. In the last 90 days, insiders acquired 90,101 shares of company stock worth $5,475,561. 33.49% of the stock is owned by corporate insiders.
About Linamar
(
Get Free Report)
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.
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