Share on StockTwits

Lear (NYSE:LEA) was upgraded by analysts at Deutsche Bank to a “buy” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings News reports.

Lear (NYSE:LEA) opened at 84.59 on Wednesday. Lear has a 52-week low of $55.81 and a 52-week high of $87.19. The stock has a 50-day moving average of $83.23 and a 200-day moving average of $80.67. The company has a market cap of $6.878 billion and a P/E ratio of 15.78. Lear also was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 641,220 shares, a decline of 61.7% from the March 31st total of 1,672,840 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 803,810 shares, the short-interest ratio is presently 0.8 days.

Lear (NYSE:LEA) last announced its earnings results on Friday, April 25th. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.70 by $0.14. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts expect that Lear will post $7.64 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Buckingham Research raised their price target on shares of Lear from $92.00 to $105.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Lear from $91.00 to $94.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Lear from $90.00 to $101.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.91.

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.

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.