Buzzing Stock: Lear Corporation (NYSE:LEA)


As per the research groups listed in Thomson Reuters survey, Lear Corporation (NYSE:LEA), the stock can touch mean price target of $138.230 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $3.290 per share in looming quarter and $13.280 during current fiscal.

Technical Forecast

While evaluating Lear Corporation Common Stock on the technical side, it is seen that the firm’s shares price is trading $3.390 points away or +3.056% from its 50-day moving average of $110.941. Further it is trading $4.254 or +3.865% away its 200-day moving average of $110.077. MA here stands for moving average.

Lear Corporation (NYSE:LEA) stock made a high of $127.000 in last 12-months while the lowest level in same period was $89.710. It entails if stock price makes a movement of over $-12.669, it will make a new 52-week high. In the case of +27.445% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Lear Corporation Common Stock is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Lear Corporation (NYSE:LEA) P/E ratio is 9.149. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Lear Corporation Common Stock it stands at 0.720.

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