Linda Hasenfratz Buys 50,000 Shares of Linamar Co. (TSE:LNR) Stock

Linamar Co. (TSE:LNRGet Free Report) Director Linda Hasenfratz bought 50,000 shares of the 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.

Linamar Stock Down 3.6 %

Shares of LNR stock opened at C$56.57 on Thursday. Linamar Co. has a one year low of C$54.95 and a one year high of C$73.84. The company has a debt-to-equity ratio of 46.32, a current ratio of 1.68 and a quick ratio of 0.75. The stock has a fifty day moving average price of C$61.10 and a 200 day moving average price of C$63.70. The stock has a market cap of C$3.48 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Linamar (TSE:LNRGet Free Report) last released 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. Linamar had a net margin of 5.77% and a return on equity of 11.31%. The company had revenue of C$2.64 billion during the quarter, compared to the consensus estimate of C$2.75 billion. Analysts predict that Linamar Co. will post 11.4332724 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reduced their price objective on Linamar from C$80.00 to C$75.00 in a research report on Wednesday, November 13th. TD Securities downgraded shares of Linamar from a “buy” rating to a “hold” rating and reduced their price target for the company from C$89.00 to C$68.00 in a report on Wednesday, November 13th. CIBC decreased their price target on shares of Linamar from C$85.00 to C$84.00 in a research report on Thursday, November 14th. Scotiabank downgraded shares of 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 report on Tuesday, October 29th. Finally, Raymond James reduced their target price on shares of Linamar from C$74.00 to C$70.00 in a research note on Thursday, November 14th.

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Linamar Company Profile

(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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