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Guggenheim announced Lear Corporation (NYSE:LEA), bumping up its stock price target to $167.00 today

Yesterday Lear Corporation (NYSE:LEA) traded 2.24% higher at $138.69. The company’s 50-day moving average is $148.17 and its 200-day moving average is $144.07. The last stock close price is down 16.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,340,354 shares of the stock were exchanged, up from an average trading volume of 705,564

In a report released on Wednesday June 21, 2017 Guggenheim upped the price target of Lear Corporation (NYSE:LEA) to $167.00 indicating a possible upside of 0.20%.

See Chart Below

Lear Corporation (NYSE:LEA)

Lear Corporation has a 52 week low of $110.77 and a 52 week high of $167.67 with a P/E ratio of 11.14 The company’s market cap is currently $0.

In addition to Guggenheim reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $139.57 with 4 firms rating the stock a strong buy, 6 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Lear Corporation (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's segments include Seating and E-Systems. The Company serves the automotive and light truck market. The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering and manufacture of all seat components, including seat covers and surface materials, such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-Systems segment consists of the design, development, engineering, manufacture, assembly and supply of electrical distribution systems, electronic modules and related components and software for light vehicles across the world.

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