Linamar (TSE:LNR) Upgraded at TD Securities

TD Securities upgraded shares of Linamar (TSE:LNR) from a hold rating to a buy rating in a research report sent to investors on Thursday, MarketBeat reports. They currently have C$66.00 target price on the stock, up from their previous target price of C$59.00.

Other analysts also recently issued reports about the stock. Cibc World Mkts downgraded shares of Linamar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. BMO Capital Markets dropped their target price on Linamar from C$75.00 to C$65.00 in a report on Thursday, March 6th. CIBC lowered Linamar from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$82.00 to C$55.00 in a research note on Wednesday, March 5th. Finally, Scotiabank boosted their price objective on Linamar from C$61.00 to C$66.00 and gave the stock a “sector perform” rating in a research note on Thursday.

Linamar Price Performance

Shares of LNR opened at C$60.00 on Thursday. Linamar has a one year low of C$43.84 and a one year high of C$72.58. The stock’s fifty day moving average is C$50.44 and its 200-day moving average is C$55.05. The company has a debt-to-equity ratio of 42.84, a quick ratio of 0.75 and a current ratio of 1.79. The firm has a market capitalization of C$3.67 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41.

Insider Activity at Linamar

In other Linamar news, Senior Officer Csaba Havasi sold 2,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of C$50.91, for a total transaction of C$101,816.40. Company insiders own 33.49% of the company’s stock.

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.