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Lear (LEA) Receives a Hold from Wells Fargo

Tipranks - Tue Jun 9, 5:16AM CDT

In a report released today, Colin Langan from Wells Fargo assigned a Hold rating to Lear, with a price target of $133.00.

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According to TipRanks, Langan is an analyst with an average return of -4.7% and a 48.45% success rate. Langan covers the Consumer Cyclical sector, focusing on stocks such as Aptiv, Visteon, and BorgWarner.

Currently, the analyst consensus on Lear is a Moderate Buy with an average price target of $144.73.

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, Frank Orsini, the EVP and President, Seating of LEA sold 5,000.00 shares for a total of $742,500.00.

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