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Morgan Stanley Sticks to Their Hold Rating for Lear Corp

Investing.com
·1-min read


Morgan Stanley (NYSE:MS) analyst Armintas Sinkevicius maintained a Hold rating on Lear (NYSE:LEA) Corp on Monday, setting a price target of $82, which is approximately 14.10% below the present share price of $95.46.

Sinkevicius expects Lear Corp to post earnings per share (EPS) of $1.26 for the second quarter of 2020.

The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Lear, with an average price target of $107.67.
The analysts price targets range from a high of $137 to a low of $65.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.46 billion and a net profit of $173.4 million. The company's market cap is $5.72 billion.

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According to TipRanks.com, Morgan Stanley analyst Armintas Sinkevicius is ranked 0 out of 5 stars with an average return of -7.7% and a 36.5% success rate.

Lear Corp. engages in the design, manufacture and supply of automotive seat, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the following segments: Seating and E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-System segment consists of the design, development, engineering and manufacture of electrical distribution systems, as well as electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices. The company was founded in 1917 and is headquartered in Southfield, MI.