Share on StockTwits
 

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.