Goldman Sachs downgraded Lear (NYSE:LEA) from Neutral to Sell in a statement released earlier today.
- Updated: October 6, 2016
Goldman Sachs has downgraded Lear (NYSE:LEA) from Neutral to Sell in a statement released on 10/06/2016.
Displaying a price of $124.46, Lear (NYSE:LEA) traded -2.22% lower on the day. The last stock price is up 7.49% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Lear has recorded a 50-day average of $117.11 and a two hundred day average of $113.22. Trade Volume was down over the average, with 414,248 shares of LEA changing hands under the typical 792,822
With a total market value of $0, Lear has price-earnings ratio of 9.74 with a one year low of $93.54 and a one year high of $127.00 .
In addition to Goldman Sachs reporting its stock price target, a total of 14 brokers have issued a research note on the company. The average stock price target is $139.57 with 4 brokers rating the stock 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 lastly zero equity analysts rating the company a sell.
Brief Synopsis About 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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