Lear Corp Gets a Buy Rating from KeyBanc

By Ryan Adsit

In a report issued on September 14, Brett Hoselton from KeyBanc reiterated a Buy rating on Lear Corp (NYSE: LEA), with a price target of $180. The company’s shares closed on Friday at $167.17, close to its 52-week high of $167.67.

According to TipRanks.com, Hoselton is a 5-star analyst with an average return of 18.6% and a 70.2% success rate. Hoselton covers the Industrial Goods sector, focusing on stocks such as Superior Industries International, Metaldyne Performance Group, and Cooper-Standard Holdings.

Currently, the analyst consensus on Lear Corp is Moderate Buy and the average price target is $168, representing a 0.5% upside.

In a report issued on August 30, Robert W. Baird also reiterated a Buy rating on the stock with a $178 price target.

Lear Corp’s market cap is currently $11.38B and has a P/E ratio of 11.11. The company has a book value ratio of 3.1415.

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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 following segments: Seating and Electrical.