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Equities researchers at Morgan Stanley increased their target price on shares of Lear (NYSE:LEA) from $90.00 to $98.00 in a research report issued on Monday. Morgan Stanley’s price target points to a potential upside of 2.70% from the company’s current price.

Shares of Lear (NYSE:LEA) traded up 0.67% on Monday, hitting $96.06. The stock had a trading volume of 107,149 shares. Lear has a 1-year low of $68.26 and a 1-year high of $100.58. The stock’s 50-day moving average is $93.20 and its 200-day moving average is $85.38. The company has a market cap of $7.706 billion and a price-to-earnings ratio of 17.23.

Lear (NYSE:LEA) last issued its quarterly earnings data on Friday, July 25th. The company reported $2.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.96 by $0.16. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts predict that Lear will post $7.95 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Lear in a research note on Monday, July 28th. They now have a $117.00 price target on the stock, up previously from $101.00. Separately, analysts at Buckingham Research raised their price target on shares of Lear from $105.00 to $120.00 in a research note on Monday, July 28th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Lear from $105.00 to $108.00 in a research note on Monday, July 28th. They now have a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Lear currently has a consensus rating of “Buy” and a consensus price target of $104.64.

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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