Lear Corporation (NYSE:LEA) has been downgraded to Sector Perform in a statement by RBC Capital Markets earlier today.
- Updated: October 13, 2016
Having a price of $116.28, Lear Corporation (NYSE:LEA) traded -2.23% lower on the day. With the last stock price up 2.51% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. LEA has recorded a 50-day average of $117.94 and a two hundred day average of $113.54. Trade Volume was up over the average, with 1,049,433 shares of LEA changing hands over the typical 758,820
RBC Capital Markets has downgraded Lear Corporation (NYSE:LEA) to Sector Perform in a statement released on 10/14/2016.
On 10/13/2016, Zacks Investment Research released a statement about Lear Corporation (NYSE:LEA) upped the target price from $0.00 to $130.00 that suggested an upside of 0.12%.
Recent Performance Chart
Lear Corporation has PE ratio of 9.31 with a one year low of $93.54 and a one year high of $127.00 and has a market capitalization of $0.
A total of 14 brokerages have issued a ratings update on Lear Corporation. Four brokerages rating the company a strong buy, six brokerages rating the company a buy, six brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $139.57.
General Company Details For 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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