Lear Corporation (LEA) : 12 analysts are covering Lear Corporation (LEA) and their average rating on the stock is 2.08, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Lear Corporation (LEA) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Lear Corporation (LEA) : 10 investment research analysts covering Lear Corporation (LEA) have an average price target of $137.4 for the near short term. The highest target price given by the Brokerage Firm to the stock is $150 and the lowest target is $124 for the short term. Analysts expect the variance to be within $9.59 of the average price.
Lear Corporation (NYSE:LEA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $99.04 and $98.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $101.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $100.54, notching a gain of 1.10% for the day. The total traded volume was 1,415,672 . The stock had closed at $99.45 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Lear Corporation (NYSE:LEA). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 21, 2016. The company shares have dropped -3.75% from its 1 Year high price. On Dec 18, 2015, the shares registered one year high at $127.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $112.52 and the 200 Day Moving Average price is recorded at $110.02.
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.