Longbow Research Keeps Their Buy Rating on Lear Corp (LEA)

By Jason Carr

Longbow Research analyst Anthony Deem reiterated a Buy rating on Lear Corp (LEAResearch Report) on June 27 and set a price target of $190. The company’s shares closed on Friday at $139.27.

According to TipRanks.com, Deem is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.8% and a 29.7% 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 Moderate Buy analyst consensus rating for Lear Corp with a $170 average price target, implying a 22.1% upside from current levels. In a report issued on June 26, Morgan Stanley also maintained a Buy rating on the stock with a $165 price target.

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Lear Corp’s market cap is currently $8.69B and has a P/E ratio of 8.84. The company has a Price to Book ratio of 2.05.

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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.