In a report issued on April 29, Anthony Deem from Longbow Research maintained a Buy rating on Lear Corp (LEA), with a price target of $190. The company’s shares closed yesterday at $143.
According to TipRanks.com, Deem has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.0% and a 20.4% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
Currently, the analyst consensus on Lear Corp is a Strong Buy with an average price target of $177.38, a 24.0% upside from current levels. In a report issued on April 15, Morgan Stanley also maintained a Buy rating on the stock with a $181 price target.
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Lear Corp’s market cap is currently $8.93B and has a P/E ratio of 9.08. The company has a Price to Book ratio of 2.10.
Based on the recent corporate insider activity of 36 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.
