A statement released earlier today by RBC Capital about Lear (NYSE:LEA) raises the target price to $121.00
- Updated: October 13, 2016
In a report released on 10/14/2016 RBC Capital increased the stock price target of Lear (NYSE:LEA) from $120.00 to $121.00 stating a potential upside of 0.04%.
Previously on Thursday October 13, 2016, Zacks Investment Research released a statement on Lear (NYSE:LEA) bumped up the target price from $0.00 to $130.00 that indicated a possible upside of 0.12%.
Yesterday Lear (NYSE:LEA) traded -2.23% lower at $116.39. Lear’s 50-day moving average is $117.94 and its 200-day moving average is $113.54. The last closing price is up 2.51% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 1,049,433 shares of the stock were exchanged, up from an average trading volume of 758,820
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Lear has a 52 week low of $93.54 and a one year high of $127.00 with a PE ratio of 9.31 Lear’s market capitalization is presently $0.
A total of 14 analysts have released a report on Lear. Four equity analysts rating the company a strong buy, six equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $139.57.
Brief Synopsis On Lear (NYSE:LEA)
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company operates through two segments: seating and electrical. The seating segment consists of the design, development, engineering, assembly and delivery of seat systems, as well as the design, development, engineering and manufacture of seat components, including seat covers and surface materials. Its electrical segment consists of the design, development, engineering and manufacture of electrical distribution systems that route electrical signals and manage electrical power within a vehicle. It has over 240 manufacturing, engineering and administrative locations in approximately 40 countries. It has automotive content on over 350 vehicle nameplates across the world.
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