Lear Corporation (NYSE:LEA) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 1.92 by 12 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Goldman Sachs maintains its rating on Lear Corporation (NYSE:LEA).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $107 per share to $122 per share. The rating by the firm was issued on May 3, 2016.
Lear Corporation (NYSE:LEA) stock has received a short term price target of $ 137.9 from 10 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $10.15. The higher estimate of target price is $150 , while the lower price target estimate is $124
Lear Corporation (NYSE:LEA) witnessed a decline in the market cap on Tuesday as its shares dropped 2.89% or 3.4 points. After the session commenced at $115.09, the stock reached the higher end at $115.55 while it hit a low of $112.79. With the volume soaring to 1,187,540 shares, the last trade was called at $114.09. The company has a 52-week high of $127. The company has a market cap of $8,417 million and there are 73,774,556 shares in outstanding. The 52-week low of the share price is $89.71.
Shares of Lear Corp. rose by 0.83% in the last five trading days and 0.14% for the last 4 weeks. Lear Corp. is up 1.9% in the last 3-month period. Year-to-Date the stock performance stands at -6.6%.
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.