Bank of America Securities Sticks to Their Hold Rating for Lear (LEA)
Bank of America Securities analyst Alexander Perry maintained a Hold rating on Lear yesterday. The company’s shares closed yesterday at $140.39.
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According to TipRanks, Perry is an analyst with an average return of -0.4% and a 43.92% success rate. Perry covers the Consumer Cyclical sector, focusing on stocks such as Tesla, BorgWarner, and Aptiv.
In addition to Bank of America Securities, Lear also received a Hold from RBC Capital’s Tom Narayan in a report issued on July 13. However, on July 14, J.P. Morgan maintained a Buy rating on Lear (NYSE: LEA).
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.
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