Longbow Research Sticks to Their Buy Rating for Lear Corp (LEA)
In a report released today, 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 $152.
According to TipRanks.com, Deem is ranked 0 out of 5 stars with an average return of -10.2% and a 22.4% success rate. Deem covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and Adient plc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lear Corp with a $178.10 average price target.
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Based on Lear Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $219 million. In comparison, last year the company had a net profit of $348 million.
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.