Exane BNP Paribas raised the price target for the Lear Corporation (NYSE:LEA) stock from “an Underperform” to “a Neutral”. The rating was released on July 11, 2022, according to finviz. We previously noted in another research note published on June 07, 2022 by Wells Fargo that upgraded the stock from an Equal weight to an Overweight with a price target of $180 for LEA stock. The research report from Exane BNP Paribas has initiated the stock to Underperform, with a price target set at $112. The stock was upgraded by BofA Securities, who disclosed in a research note on April 06, 2022, from Underperform to Buy and set the price objective to $195. In their research brief published February 28, 2022, Morgan Stanley analysts downgraded the Lear Corporation stock from Overweight to Equal-Weight with a price target of $175.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Lear Corporation (NYSE:LEA) dipped -3.38% to close Friday’s market session at $143.00, lower as compared to yesterday’s close. The stock price fluctuated between $142.46 and $147.27 throughout the trading session with the volume trading being 915444 shares, which represented a significant variation when compared to the three months average volume of 574.12K shares. The firm’s stock price fluctuated -5.39% within the last five trades and 9.54% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.12% in the last 6 months and 9.33% was added to its value over the previous 3 months. LEA stock is trading at a margin of 2.12%, 5.56% and -7.11% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, LEA deals in the Consumer Cyclical domain. The stock is trading -26.83 percent below its 52-week high and 20.80 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -14.8. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Lear Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 2.60 percent and the profit margin is 1.10 percent, and the company has reported a gross margin of 6.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.20 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Lear Corporation (NYSE:LEA) is 39.45. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.23. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.43 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.84, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
VIdershain Marianne, the VP, Treasurer at Lear Corporation (LEA) has sold 170 shares of firm on Nov 10 at a price of $179.01 against the total amount of $30432.0. In another inside trade, SCOTT RAYMOND E, President and CEO of Lear Corporation (NYSE:LEA) sold 6,143 shares of the firm on Jul 15 for a total worth of $0.79 million at a price of $127.83. An inside trade which took place on Jun 27, President and CEO of Lear Corporation SCOTT RAYMOND E sold 6,143 shares of firm against total price of $0.83 million at the cost of $134.92 per share.