Lear Corp. Hits New 52-Week High at $73.95 (LEA)
Shares of Lear Corp. (NYSE:LEA) hit a new 52-week high during mid-day trading on Friday, Analyst Ratings Network reports. The stock traded as high as $73.95 and last traded at $73.86, with a volume of 558,093 shares trading hands. The stock had previously closed at $71.96.
A number of research firms have recently commented on LEA. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Lear Corp. (NYSE:LEA) in a research note to investors on Monday, September 16th. They now have a $76.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of Lear Corp. (NYSE:LEA) from $60.00 to $82.00 in a research note to investors on Monday, September 16th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Lear Corp. (NYSE:LEA) in a research note to investors on Friday, September 6th. They now have a $66.00 price target on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Lear Corp. presently has a consensus rating of “Buy” and a consensus price target of $72.42.
Lear Corp. has a 52-week low of $39.43 and a 52-week high of $73.32. The stock has a 50-day moving average of $70.94 and a 200-day moving average of $62.93. The company has a market cap of $5.951 billion and a price-to-earnings ratio of 5.45.
Lear Corp. (NYSE:LEA) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.28. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, analysts predict that Lear Corp. will post $5.69 earnings per share for the current fiscal year.
Lear Corporation is a tier 1 supplier to the global automotive industry. The Company supplies its products to automotive manufacturers with automotive seat systems and related components, as well as electrical distribution systems and related components.
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