Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $138.23 on Lear Corporation (NYSE:LEA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $13.58 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Lear Corporation (NYSE:LEA) stands at 9.20.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Lear Corporation Common Stock, the PEG ratio for coming 3-5 years is 0.73.
The technical analysis highlights that Lear Corporation Common Stock current is trading $5.37 points away or +4.90% from its 50-day moving average of $109.57. Further it is trading $5.33 or +4.86% away its 200-day moving average of $109.61.
The 52-week high of Lear Corporation (NYSE:LEA) was $127.00 while lowest point recorded in 52-week was $89.71. It implies if stock price makes a movement of over $-12.06, it will record a new 52-week high. In the case of +28.12% drop, it will touch a new 52-week low.
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