Lear Corp (LEA) Receives a Hold from Barclays


Barclays analyst Brian Johnson maintained a Hold rating on Lear Corp (NYSE: LEA) on October 26 and set a price target of $160. The company’s shares opened today at $133.56, close to its 52-week low of $128.05.

According to TipRanks.com, Johnson is a 3-star analyst with an average return of 2.6% and a 48.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, Arvinmeritor, and Visteon Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lear Corp with a $192.43 average price target, representing a 44.1% upside. In a report issued on October 26, Buckingham also maintained a Hold rating on the stock with a $145 price target.

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Lear Corp’s market cap is currently $8.3B and has a P/E ratio of 6.56. The company has a Price to Book ratio of 1.93.

Based on the recent corporate insider activity of 55 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.

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