Lear Corp. PT Raised to $91.00 (LEA)
Investment analysts at Guggenheim upped their price target on shares of Lear Corp. (NYSE:LEA) from $82.00 to $91.00 in a note issued to investors on Tuesday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. Guggenheim’s target price would suggest a potential upside of 18.24% from the stock’s previous close.
Lear Corp. (NYSE:LEA) traded down 0.10% during mid-day trading on Tuesday, hitting $76.96. The stock had a trading volume of 789,470 shares. Lear Corp. has a 52-week low of $37.17 and a 52-week high of $73.32. The stock has a 50-day moving average of $70.35 and a 200-day moving average of $61.21. The company has a market cap of $6.295 billion and a price-to-earnings ratio of 5.60.
Lear Corp. (NYSE:LEA) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.15. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that Lear Corp. will post $5.77 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG raised their price target on shares of Lear Corp. from $70.00 to $80.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Lear Corp. from $66.00 to $90.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Lear Corp. from $77.00 to $86.00 in a research note to investors on Monday. They now have an “equal weight” rating on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $83.50.
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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