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Evercore ISI Sticks to Its Hold Rating for Lear (LEA)

Tipranks - Tue Aug 11, 7:52AM CDT

In a report released today, from Evercore ISI maintained a Hold rating on Lear, with a price target of $145.00.

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In addition to Evercore ISI, Lear also received a Hold from Barclays’s Dan Levy in a report issued on August 4. However, on the same day, J.P. Morgan maintained a Buy rating on Lear (NYSE: LEA).

Based on Lear’s latest earnings release for the quarter ending July 4, the company reported a quarterly revenue of $6.21 billion and a net profit of $192.8 million. In comparison, last year the company earned a revenue of $6.03 billion and had a net profit of $165.2 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 1,646.00 shares for a total of $199,742.10.

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