Lear Corp. Given Average Recommendation of “Buy” by Analysts (NYSE:LEA)
Shares of Lear Corp. (NYSE:LEA) have been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the company, American Banking News reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $88.48.
Lear Corp. (NYSE:LEA) opened at 73.72 on Friday. Lear Corp. has a 1-year low of $50.73 and a 1-year high of $83.72. The stock’s 50-day moving average is $78. and its 200-day moving average is $75.35. The company has a market cap of $6.111 billion and a price-to-earnings ratio of 14.77.
Lear Corp. (NYSE:LEA) last announced its 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. On average, analysts predict that Lear Corp. will post $7.45 earnings per share for the current fiscal year.
LEA has been the subject of a number of recent research reports. Analysts at CRT Capital downgraded shares of Lear Corp. from a “buy” rating to a “fair value” rating in a research note to investors on Monday. Separately, 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. Finally, 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.
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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