Lear Corporation (LEA) : The consensus on Lear Corporation (LEA) based on 13 analyst recommendation on the company stock is 2.15, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 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. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Lear Corporation (LEA) : Currently there are 10 street experts covering Lear Corporation (LEA) stock. The most bullish and bearish price target for the stock is $150 and $124 respectively for the short term. The average price target of all the analysts comes to $138. The estimated standard deviation from the target is $9.24.
For the current week, the company shares have a recommendation consensus of Buy. Lear Corporation (NYSE:LEA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $114.06 and $114.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $115.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.83, notching a gain of 1.01% for the day. The total traded volume was 785,452 . The stock had closed at $113.68 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director of LEAR CORP, Mallett Conrad L Jr had sold 100 shares worth of $10,099 in a transaction dated June 28, 2016. In this transaction, 100 shares were sold at $100.99 per share.
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.