Linamar Co. (TSE:LNR - Get Free Report) insider Linamar Corporation purchased 25,101 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average cost of C$60.95 per share, with a total value of C$1,529,963.68.
Linamar Trading Up 0.6 %
TSE:LNR opened at C$62.80 on Wednesday. The firm has a 50-day simple moving average of C$61.70 and a 200-day simple moving average of C$64.51. Linamar Co. has a one year low of C$54.95 and a one year high of C$73.84. The firm has a market cap of C$3.87 billion, a P/E ratio of 6.42, a P/E/G ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 46.32, a quick ratio of 0.75 and a current ratio of 1.68.
Linamar (TSE:LNR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$2.35 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$2.64 billion during the quarter, compared to analysts' expectations of C$2.75 billion. Equities analysts anticipate that Linamar Co. will post 11.4332724 EPS for the current fiscal year.
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A number of research firms recently commented on LNR. Scotiabank cut shares of Linamar from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$86.00 to C$77.00 in a research note on Tuesday, October 29th. CIBC lowered their price objective on shares of Linamar from C$85.00 to C$84.00 in a research report on Thursday, November 14th. TD Securities cut shares of Linamar from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$89.00 to C$68.00 in a research report on Wednesday, November 13th. Raymond James lowered their price objective on shares of Linamar from C$74.00 to C$70.00 in a research report on Thursday, November 14th. Finally, BMO Capital Markets lowered their price objective on shares of Linamar from C$80.00 to C$75.00 in a research report on Wednesday, November 13th.
View Our Latest Analysis on LNR
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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