Lear Corporation (NYSE:LEA) has been downgraded to Sell in a statement by Goldman Sachs Group Inc. earlier today.
- Updated: October 8, 2016
Boasting a price of $121.25, Lear Corporation (NYSE:LEA) traded -0.64% lower on the day. With the last stock price close up 6.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Lear Corporation has recorded a 50-day average of $117.57 and a two hundred day average of $113.35. Volume of trade was up over the average, with 1,247,213 shares of LEA changing hands over the typical 780,138
Goldman Sachs Group Inc. has downgraded Lear Corporation (NYSE:LEA) to Sell in a statement released on 10/06/2016.
Recent Performance Chart
Lear Corporation has 52 week low of $93.54 and a 52 week high of $127.00 with a PE ratio of 9.68 and has a market capitalization of $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $139.57 with 4 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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