Citigroup Remains a Buy on Lear Corp (LEA)
Citigroup analyst Itay Michaeli maintained a Buy rating on Lear Corp (NYSE: LEA) today and set a price target of $214. The company’s shares closed yesterday at $137.54, close to its 52-week low of $134.83.
Michaeli has an average return of 5.2% when recommending Lear Corp.
According to TipRanks.com, Michaeli is ranked #1157 out of 4877 analysts.
Currently, the analyst consensus on Lear Corp is a Moderate Buy with an average price target of $206.43, representing a 50.1% upside. In a report released yesterday, Goldman Sachs also upgraded the stock to Buy with a $195 price target.
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Lear Corp’s market cap is currently $9.03B and has a P/E ratio of 6.96. The company has a Price to Book ratio of 2.10.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.
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Lear Corp. engages in the design, manufacture, and supply of automotive seat, electrical distribution systems, and electronic modules, as well as related sub-systems, components, and software. It operates through the Seating and E-Systems segments.