Analyst Revises Lear Corporation (NYSE:LEA) Stock Target


Lear Corporation (NYSE:LEA) mean price target has been set at $137.3100 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $3.2900 in the near-term quarter and $12.9900 for the ongoing fiscal. The market cap of Lear Corporation Common Stock was recorded at $7.80B after the stock closed at $109.0575 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Lear Corporation (NYSE:LEA) has a P/E ratio of 8.7267. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Lear Corporation (NYSE:LEA) PEG ratio sits at 0.7300. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Lear Corporation Common Stock visibly illustrates that the 50-day MA of Lear Corporation Common Stock is $109.8960, and stock is trading -0.8385 or -0.7630% distant from $109.8960. The 200-day MA is $109.1960, and this price is $-0.1385 or -0.1268% off from current level. Lear Corporation (NYSE:LEA) 52-week high is $127.0000 and the 52-week low is $89.7100. This represents that if the stock moves $-17.9425 points up on the chart to make a 52-week high. But, if it declines $+21.5667%, then the shares price can hit a new 52-week low.

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