Barclays analyst Brian Johnson maintained a Hold rating on Lear Corp (LEA) on January 4 and set a price target of $140. The company’s shares closed on Friday at $126.44, close to its 52-week low of $114.45.
According to TipRanks.com, Johnson is a 3-star analyst with an average return of 1.7% and a 47.8% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lear Corp with a $170.45 average price target.
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Based on Lear Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $250 million. In comparison, last year the company had a net profit of $398 million.
Based on the recent corporate insider activity of 44 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.
