Wells Fargo Remains a Hold on Lear (LEA)
Wells Fargo analyst Colin Langan maintained a Hold rating on Lear today and set a price target of $137.00.
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Langan covers the Consumer Cyclical sector, focusing on stocks such as Visteon, Lear, and Ford Motor. According to TipRanks, Langan has an average return of -5.0% and a 47.25% success rate on recommended stocks.
Currently, the analyst consensus on Lear is a Moderate Buy with an average price target of $145.09.
Based on Lear’s latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $5.82 billion and a net profit of $172.3 million. In comparison, last year the company earned a revenue of $5.56 billion and had a net profit of $80.7 million
Based on the recent corporate insider activity of 44 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. Earlier this month, Conrad Mallett, a Director at LEA sold 190.00 shares for a total of $26,854.60.
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