Linamar (TSE:LNR) Stock Crosses Above 200-Day Moving Average of $43.37

Linamar Co. (TSE:LNR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.37 and traded as high as $45.10. Linamar shares last traded at $44.65, with a volume of 65,251 shares trading hands.

Several analysts have recently weighed in on the stock. Scotiabank lifted their price target on shares of Linamar from C$60.00 to C$66.00 in a research note on Wednesday, November 27th. CIBC downgraded shares of Linamar from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$56.00 to C$48.00 in a research note on Friday, October 4th. TD Securities lifted their price target on shares of Linamar from C$47.00 to C$50.00 and gave the company a “hold” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on shares of Linamar from C$41.00 to C$45.00 in a research note on Thursday, November 7th.

The company has a market cap of $2.92 billion and a P/E ratio of 5.79. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 59.13. The business’s 50 day moving average is C$43.90 and its 200 day moving average is C$43.37.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, November 21st. Linamar’s dividend payout ratio (DPR) is 6.24%.

About Linamar (TSE:LNR)

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, the Rest of North America, the Asia Pacific, Mexico, and Europe. It operates through two segments, Industrial and Transportation. The company offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.

Further Reading: Retained Earnings

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