Lear Corporation (NYSE:LEA) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Lear Corporation (NYSE:LEA) to Hold in a statement released on 11/30/2016.
Previously on 11/29/2016, Zacks Investment Research reported about Lear Corporation (NYSE:LEA) raised the target price from $0.00 to $144.00. At the time, this indicated a possible upside of 0.11%.
Just yesterday Lear Corporation (NYSE:LEA) traded -0.73% lower at $128.68. Lear Corporation’s 50-day moving average is $121.05 and its 200-day moving average is $115.83. With the last stock price up 11.09% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same time. 635,002 shares of Lear Corporation exchanged hands, down from an avg. trading volume of 802,008
Lear Corporation has price-earnings ratio of 9.77 with a one year low of $93.54 and a one year high of $130.59 and has a total market value of $0.
A total of 14 firms have reported on the company. 4 brokerages rating the stock a strong buy, 6 brokers rating the stock a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $139.57.
More 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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