Royal Bank Of Canada disclosed Lear Corporation (NYSE:LEA), boosting its price target to $121.00 earlier today
- Updated: October 14, 2016
Stating a potential upside of 0.04%, Royal Bank Of Canada bumped up the target price of Lear Corporation (NYSE:LEA) to $121.00
Previously on 10/13/2016, Zacks Investment Research reported about Lear Corporation (NYSE:LEA) raised the target price from $0.00 to $130.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Lear Corporation (NYSE:LEA) traded -0.28% lower at $116.28. Lear Corporation’s 50-day moving average is $117.96 and its 200-day moving average is $113.58. The last stock price is up 2.18% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 509,090 shares of the stock traded hands, down from an average trading volume of 752,417
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Lear Corporation has a price-earnings ratio of 9.29 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 Royal Bank Of Canada 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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