Lear Corporation (LEA) Receives Analyst Rating

Lear Corporation (LEA) : The consensus on Lear Corporation (LEA) based on 10 analyst recommendation on the company stock is 2.1, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Lear Corporation (LEA) : 9 Wall Street analysts covering Lear Corporation (LEA) believe that the average level the stock could reach for the short term is $139.11. The maximum price target given is $150 and the minimum target for short term is around $127, hence the standard deviation is calculated at $8.49.


Also, Seaport Global initiates coverage on Lear Corporation (NYSE:LEA) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 9, 2016.

Lear Corporation (NYSE:LEA): After opening at $115.47, the stock dipped to an intraday low of $115.1 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $117.35 and the buying power remained strong till the end. The stock closed at $116.95 for the day, a gain of 1.49% for the day session. The total traded volume was 533,939. The stocks close on the previous trading day was $115.23.

Lear Corporation is engaged in providing automotive seat systems and individual seat component parts. The Company has two segments: seating and electrical. The Company seating segment consists of the design, development, engineering, assembly and delivery of complete seat systems. The Company is also involved in the design, development, engineering and manufacture of all seat components, including seat structures and mechanisms, seat covers and surface materials, such as fabric and leather, seat foam and headrests. The Companys electrical segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems and components for light vehicles. The Company has manufacturing, engineering and administrative capabilities in about 34 countries with 219 locations. The Company also manufactures junction boxes and electronic control modules, which are connected to the wire harness assemblies.

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