Analyst Rating Update on Lear Corporation (LEA)

Lear Corporation (NYSE:LEA) : The consensus on Lear Corporation (NYSE:LEA) based on 12 analyst recommendation on the company stock is 2.08, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Lear Corporation (NYSE:LEA) : The most positive equity analysts on Lear Corporation (NYSE:LEA) expects the shares to touch $150, whereas, the least positive believes that the stock will trade at $124 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $137.4 with an expected fluctuation of $9.59 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Bank of America downgrades its rating on Lear Corporation (NYSE:LEA). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 21, 2016.

Lear Corporation (NYSE:LEA): stock turned positive on Tuesday. Though the stock opened at $99.22, the bulls momentum made the stock top out at $101.2 level for the day. The stock recorded a low of $98.5 and closed the trading day at $100.79, in the green by 3.15%. The total traded volume for the day was 1,111,867. The stock had closed at $97.71 in the previous days trading.

In an insider trading activity, Kunkel Jay K., officer (President, Asia Pacific Ops) of Lear Corp, unloaded 653 shares at an average price of $116.32 on June 7, 2016. The total amount of the transaction was worth $75,957, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Lear Corporation is engaged in providing automotive seat systems and individual seat component parts. The Company has two segments: seating and electrical. The Company seating segment consists of the design, development, engineering, assembly and delivery of complete seat systems. The Company is also involved in the design, development, engineering and manufacture of all seat components, including seat structures and mechanisms, seat covers and surface materials, such as fabric and leather, seat foam and headrests. The Companys electrical segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems and components for light vehicles. The Company has manufacturing, engineering and administrative capabilities in about 34 countries with 219 locations. The Company also manufactures junction boxes and electronic control modules, which are connected to the wire harness assemblies.

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