Lear (LEA) Gets a Buy Rating from Goldman Sachs

In a report released today, Mark Delaney from Goldman Sachs maintained a Buy rating on Lear (LEAResearch Report), with a price target of $174.00. The company’s shares closed last Wednesday at $157.80.

According to TipRanks.com, Delaney is a 4-star analyst with an average return of 9.5% and a 58.3% success rate. Delaney covers the Technology sector, focusing on stocks such as Keysight Technologies, National Instruments, and Aurora Innovation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lear with a $159.46 average price target, representing a 1.6% upside. In a report issued on July 22, J.P. Morgan also maintained a Buy rating on the stock with a $175.00 price target.

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The company has a one-year high of $195.43 and a one-year low of $118.38. Currently, Lear has an average volume of 562.6K.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LEA in relation to earlier this year.

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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 E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-System segment consists of the design, development, engineering and manufacture of electrical distribution systems, as well as electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices. The company was founded in 1917 and is headquartered in Southfield, MI.

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