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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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.