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The latest update is out from Linamar ( (TSE:LNR) ).
Linamar Corporation has announced a definitive agreement to acquire select assets of Aludyne Incorporated’s North American operations for $300 million USD, significantly expanding its manufacturing footprint in the U.S. This acquisition enhances Linamar’s capabilities in aluminum casting and precision machining, aligning with its strategic focus on propulsion-agnostic structural components. The integration of Aludyne’s assets is expected to strengthen Linamar’s local customer support and supply chain stability, while offering new collaborative opportunities for its Canadian operations. The transaction is anticipated to be accretive shortly after completion, reinforcing Linamar’s position in the global mobility market.
The most recent analyst rating on (TSE:LNR) stock is a Hold with a C$80.00 price target. To see the full list of analyst forecasts on Linamar stock, see the TSE:LNR Stock Forecast page.
Spark’s Take on TSE:LNR Stock
According to Spark, TipRanks’ AI Analyst, TSE:LNR is a Neutral.
Linamar’s overall stock score reflects a stable financial position with strong cash flow generation and a balanced leverage profile. The technical analysis suggests mixed signals, with potential short-term bearish momentum. Valuation metrics indicate a moderate valuation, while the earnings call highlights both strengths in the Mobility segment and challenges in the industrial segment. The absence of significant corporate events further solidifies the current assessment.
To see Spark’s full report on TSE:LNR stock, click here.
More about Linamar
Linamar Corporation is a diversified advanced manufacturing company that integrates leading-edge technology with deep manufacturing expertise to create solutions for vehicles, motion, work, and lives. The company specializes in casting, forging, metal forming, machining, and assembly of fully engineered products, serving a wide range of industries including mobility, agriculture, MedTech, water, power, defense, and robotics. Linamar operates globally with over 34,000 employees across 75 manufacturing locations, 17 R&D centers, and 31 sales offices in 19 countries, generating over $10.5 billion in sales in 2024.
Average Trading Volume: 119,333
Technical Sentiment Signal: Buy
Current Market Cap: C$4.37B
For a thorough assessment of LNR stock, go to TipRanks’ Stock Analysis page.