Lear Corporation (NYSE:LEA) target upped to $130.00, issued a ratings update today by Zacks Investment Research
- Updated: October 13, 2016
Yesterday Lear Corporation (NYSE:LEA) traded -2.23% lower at $116.28. The company’s 50-day moving average is $117.94 and its 200-day moving average is $113.54. The last closing price is up 2.51% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,049,433 shares of the stock were exchanged, up from an average trading volume of 758,820
Lear Corporation (NYSE:LEA) had its target upped to $130.00 by Zacks Investment Research in an issued report announced 10/13/2016. The bumped up target implies a possible upside of 0.12% from the company's last closing price.
Previously on 10/11/2016, Robert W. Baird reported on Lear Corporation (NYSE:LEA) raised the target price from $0.00 to $133.00. At the time, this indicated a possible upside of 0.11%.
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Lear Corporation has a 52 week low of $93.54 and a 52 week high of $127.00 with a P/E ratio of 9.31 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $139.57 with 4 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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