Lear Corporation (NYSE:LEA) has been downgraded to Hold in a report by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Yesterday Lear Corporation (NYSE:LEA) traded 0.21% higher at $121.00. The company’s 50-day moving average is $116.78 and its 200-day moving average is $113.14. The last closing price is up 7.17% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 597,570 shares of the stock traded hands, down from an average trading volume of 794,442
Zacks Investment Research has downgraded Lear Corporation (NYSE:LEA) to Hold in a report released on 10/5/2016.
Previously on 10/04/2016, Zacks Investment Research reported on Lear Corporation (NYSE:LEA) increased the target price from $0.00 to $136.00. At the time, this indicated a possible upside of 0.12%.
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Lear Corporation has a price-earnings ratio of 9.70 with a one year low of $93.54 and a one year high of $127.00 LEA’s market cap is currently $0.
In addition to Zacks Investment Research 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 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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