Lear (LEA) Gets a Buy from J.P. Morgan

J.P. Morgan analyst Rajat Gupta CFA maintained a Buy rating on Lear today and set a price target of $159.00.

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Gupta CFA covers the Consumer Cyclical sector, focusing on stocks such as Gentex, Dana Incorporated, and Tesla. According to TipRanks, Gupta CFA has an average return of 7.3% and a 47.27% success rate on recommended stocks.

Currently, the analyst consensus on Lear is a Moderate Buy with an average price target of $147.70.

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 45 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. Last month, Raymond Scott, the President & CEO of LEA sold 50,000.00 shares for a total of $6,768,355.74.