Wells Fargo Reaffirms Their Hold Rating on Lear (LEA)
In a report released today, Colin Langan from Wells Fargo maintained a Hold rating on Lear, with a price target of $113.00. The company’s shares closed yesterday at $101.68.
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Langan covers the Consumer Cyclical sector, focusing on stocks such as BorgWarner, Tesla, and Visteon. According to TipRanks, Langan has an average return of -5.5% and a 47.82% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lear with a $112.92 average price target, implying an 11.05% upside from current levels. In a report released on September 12, Bank of America Securities also downgraded the stock to a Hold with a $123.00 price target.
LEA market cap is currently $5.41B and has a P/E ratio of 12.04.
Based on the recent corporate insider activity of 40 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, Frank Orsini, the EVP and President, Seating of LEA sold 8,500.00 shares for a total of $940,185.00.
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