Share on StockTwits

Analysts at Credit Suisse started coverage on shares of Lear (NYSE:LEA) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of Lear from $90.00 to $98.00 in a research note on Monday. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $104.64.

Shares of Lear (NYSE:LEA) traded down 0.06% on Wednesday, hitting $96.12. The stock had a trading volume of 368,096 shares. Lear has a 52-week low of $68.26 and a 52-week high of $100.58. The stock’s 50-day moving average is $93.60 and its 200-day moving average is $85.73. The company has a market cap of $7.711 billion and a price-to-earnings ratio of 17.36.

Lear (NYSE:LEA) last posted its quarterly earnings results on Friday, July 25th. The company reported $2.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.62 earnings per share. Lear’s revenue was up 11.5% compared to the same quarter last year. On average, analysts predict that Lear will post $7.95 earnings per share 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.