Linamar (LNR) Stock Price, News & Analysis

Company Overview

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. It also focuses on components and systems for global mobility market; and design, development, and testing services. The Industrial segment manufactures scissor, boom, and telehandler lifts for the aerial work platform industry. This segment also manufactures draper headers and self-propelled windrowers for the agricultural harvesting industry, as well as supplies farm tillage and crop fertilizer application equipment. Linamar Corporation was founded in 1964 and is headquartered in Guelph, Canada.

Key Stats

• Today's Range: C$59.26 to C$60.17
• 50-Day Range: C$56.09 to C$65.17
• 52-Week Range: C$54.95 to C$73.84
• Volume: 232,981 shs
• Average Volume: 101,039 shs
• Market Capitalization: C$3.71 billion
• P/E Ratio: 6.14
• Dividend Yield: 1.66%
• Price Target: C$74.80
• Consensus Rating: Hold

Linamar Stock Analysis - MarketRank™

Linamar scored higher than 45% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Linamar has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Linamar has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Linamar is 6.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Linamar is 6.14, which means that it is trading at a less expensive P/E ratio than the Consumer Cyclical sector average P/E ratio of about 347.27.

Price to Earnings Growth Ratio

Linamar has a PEG Ratio of 1.12. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Linamar has a P/B Ratio of 0.66. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LNR.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Linamar pays a meaningful dividend of 1.60%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Linamar does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Linamar is 10.20%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for LNR.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: -0.32

News Sentiment

Linamar has a news sentiment score of -0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.36 average news sentiment score of Consumer Cyclical companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Linamar this week, compared to 1 article on an average week.

Search Interest

3 people have searched for LNR on MarketBeat in the last 30 days.

MarketBeat Follows

2 people have added Linamar to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Linamar insiders have not sold or bought any company stock.

Percentage Held by Insiders

33.49% of the stock of Linamar is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 20.09% of the stock of Linamar is held by institutions.

LNR Stock Analysis - Frequently Asked Questions

How have LNR shares performed this year?

Linamar's stock was trading at C$64.02 at the beginning of the year. Since then, LNR stock has decreased by 6.0% and is now trading at C$60.17.
View the best growth stocks for 2024 here.

How were Linamar's earnings last quarter?

Linamar Co. (TSE:LNR) announced its earnings results on Tuesday, November, 12th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.20. The firm earned $2.64 billion during the quarter, compared to analysts' expectations of $2.75 billion. Linamar had a trailing twelve-month return on equity of 11.31% and a net margin of 5.77%.

How do I buy shares of Linamar?

Shares of LNR stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Linamar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Linamar investors own include Magna International (MG), Toronto-Dominion Bank (TD), Canadian National Railway (CNR), Martinrea International (MRE), Royal Bank of Canada (RY), Air Canada (AC) and Fortis (FTS).

Company Calendar

• Ex-Dividend for 9/9 Dividend: 8/23/2024
• Dividend Payable: 9/09/2024
• Last Earnings: 11/12/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Consumer Cyclical
• Industry: Auto Parts
• Sub-Industry: N/A
• Current Symbol: TSE:LNR
• CUSIP: N/A
• CIK: N/A
• Web: www.linamar.com
• Phone: +1-519-8367550
• Fax: N/A
• Employees: 32,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$74.80
• High Stock Price Target: C$84.00
• Low Stock Price Target: C$68.00
• Potential Upside/Downside: +24.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$9.80
• Trailing P/E Ratio: 6.14
• Forward P/E Ratio: 5.26
• P/E Growth: 1.12
• Net Income: C$603.68 million
• Net Margins: 5.77%
• Pretax Margin: N/A
• Return on Equity: 11.31%
• Return on Assets: 5.47%

Debt

• Debt-to-Equity Ratio: 46.32
• Current Ratio: 1.68
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: C$10.46 billion
• Price / Sales: 0.35
• Cash Flow: C$12.79 per share
• Price / Cash Flow: 4.70
• Book Value: C$90.96 per share
• Price / Book: 0.66

Miscellaneous

• Outstanding Shares: 61,580,000
• Free Float: N/A
• Market Cap: C$3.71 billion
• Optionable: Not Optionable
• Beta: 1.41