Lear Corporation (LEA) has an average broker rating of 2.1, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Lear Corporation (LEA) : Average target price received by Lear Corporation (LEA) is $139.56 with an expected standard deviation of $8.29. The most aggressive target on the stock is $150, whereas the most downbeat target is $127. 9 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, Seaport Global initiates coverage on Lear Corporation (NYSE:LEA). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on August 9, 2016.
Lear Corporation (NYSE:LEA): The stock opened at $116.81 and touched an intraday high of $117.5 on Wednesday. During the day, the stock corrected to an intraday low of $116.38, however, the bulls stepped in and pushed the price higher to close in the green at $116.94 with a gain of 0.11% for the day. The total traded volume for the day was 684,375. The stock had closed at $116.81 in the previous trading session.
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.