In yesterday’s Wall Street session, Lear Corp (NYSE:LEA) shares traded at $97.25, up 0.46% from the previous session.
LEA stock price is now -4.82% away from the 50-day moving average and -18.62% away from the 200-day moving average. The market capitalization of the company currently stands at $5.28B.
With the price target reduced from $140 to $120, Barclays Downgraded its rating from Overweight to Equal Weight for Lear Corp (NYSE: LEA). , while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, MALLETT CONRAD L JR, Director sold 1,278 shares of the company’s stock on May 28 ’24. The stock was sold for $159,175 at an average price of $124.55. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 23 ’24, Director SMITH GREG C sold 2,392 shares of the business’s stock. A total of $296,273 was realized by selling the stock at an average price of $123.86. A total of 0.29% of the company’s stock is owned by insiders.
During the past 12 months, Lear Corp has had a low of $92.14 and a high of $147.11. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.33, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $8217689088, which is based on a 10.22 price-to-earnings ratio, a 0.79 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for LEA is $102.3726 and a two-hundred day moving average price translates $119.6837 for the stock.
The latest earnings results from Lear Corp (NYSE: LEA) was released for 2024-09-28. The net profit margin was 2.33% and return on equity was 11.34% for LEA. The company reported revenue of $5.58 billion for the quarter, compared to $5.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.4 percent.
