Lear Corp. Stock Rating Lowered by CRT Capital (LEA)
Lear Corp. (NYSE:LEA) was downgraded by research analysts at CRT Capital from a “buy” rating to a “fair value” rating in a report released on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on LEA. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Lear Corp. from $90.00 to $95.00 in a research note to investors on Thursday, January 9th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Lear Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 17th. They now have a $85.80 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Lear Corp. from $83.00 to $94.00 in a research note to investors on Friday, December 13th. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Lear Corp. currently has a consensus rating of “Buy” and an average target price of $85.98.
Lear Corp. (NYSE:LEA) opened at 72.33 on Monday. Lear Corp. has a one year low of $49.13 and a one year high of $83.72. The stock’s 50-day moving average is $79.77 and its 200-day moving average is $75.12. The company has a market cap of $5.996 billion and a P/E ratio of 15.40. Lear Corp. also saw unusually large options trading on Friday. Investors acquired 10,859 put options on the company. This represents an increase of approximately 1,104% compared to the typical daily volume of 902 put options.
Lear Corp. (NYSE:LEA) last posted its quarterly earnings results on Friday, January 31st. The company reported $1.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.59 by $0.04. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the company posted $1.48 earnings per share. Lear Corp.’s revenue was up 14.4% compared to the same quarter last year. Analysts expect that Lear Corp. will post $7.53 EPS 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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