Lear Corporation (LEA) Stock Price Hits All-Time High Today

September 13, 2017 - By Marie Mckinney

Investors sentiment decreased to 0.71 in 2016 Q4. Its down 0.23, from 0.94 in 2016Q3. It fall, as 45 investors sold Lear Corporation shares while 197 reduced holdings. 55 funds opened positions while 116 raised stakes. 62.67 million shares or 6.07% less from 66.72 million shares in 2016Q3 were reported.
Andra Ap invested in 0.16% or 44,000 shares. Fieldpoint Private Advisors holds 1.65% or 18,870 shares. Marshall Wace Ltd Liability Partnership owns 8,106 shares or 0.01% of their US portfolio. Benjamin F Edwards Company invested 0.01% in Lear Corporation (NYSE:LEA). Wellington Mgmt Grp Incorporated Llp holds 78,068 shares or 0% of its portfolio. Architects holds 1,062 shares or 0.03% of its portfolio. Convergence Ptnrs Limited Liability Company reported 19,577 shares or 0.36% of all its holdings. Canada Pension Plan Board holds 0.04% or 85,800 shares in its portfolio. Kanaly has invested 0.01% of its portfolio in Lear Corporation (NYSE:LEA). Lau Associate Ltd Liability Corporation reported 8,823 shares. Nikko Asset Mgmt Americas stated it has 0.02% of its portfolio in Lear Corporation (NYSE:LEA). Raymond James And Associates holds 80,948 shares. Investec Asset Mngmt North America Inc owns 7,826 shares. 84,717 are owned by Clark Capital Grp. Employees Retirement Association Of Colorado accumulated 0.01% or 13,931 shares.

Since May 18, 2017, it had 0 insider buys, and 2 sales for $343,238 activity. MALLETT CONRAD L JR sold $14,396 worth of Lear Corporation (NYSE:LEA) on Monday, May 22.

The stock of Lear Corporation (NYSE:LEA) reached all time high today, Sep, 13 and still has $166.96 target or 6.00 % above today’s $157.51 share price. This indicates more upside for the $10.71 billion company. This technical setup was reported by Barchart.com. If the $166.96 PT is reached, the company will be worth $642.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 392,668 shares traded. Lear Corporation (NYSE:LEA) has risen 28.33% since September 13, 2016 and is uptrending. It has outperformed by 11.63% the S&P500.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 15 analysts covering Lear Corporation (NYSE:LEA), 7 have Buy rating, 3 Sell and 5 Hold. Therefore 47% are positive. Lear Corporation had 43 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Sunday, August 27. On Tuesday, February 21 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, October 26. The rating was maintained by RBC Capital Markets on Thursday, October 27 with “Sector Perform”. RBC Capital Markets maintained it with “Hold” rating and $16200 target in Wednesday, July 26 report. As per Monday, January 25, the company rating was maintained by Barclays Capital. RBC Capital Markets downgraded it to “Sector Perform” rating and $121 target in Friday, October 14 report. Robert W. Baird maintained Lear Corporation (NYSE:LEA) rating on Wednesday, August 30. Robert W. Baird has “Buy” rating and $178.0 target. Robert W. Baird initiated the stock with “Neutral” rating in Tuesday, October 11 report. Robert W. Baird upgraded Lear Corporation (NYSE:LEA) on Thursday, April 20 to “Outperform” rating.

More notable recent Lear Corporation (NYSE:LEA) news were published by: Prnewswire.com which released: “Lear Announces Closing of Refinancing Transactions” on August 17, 2017, also Nasdaq.com with their article: “Lear Corporation (LEA) Ex-Dividend Date Scheduled for August 29, 2017” published on August 28, 2017, Mlive.com published: “435-job, $29M auto manufacturing plant to roll into Flint Buick City” on August 22, 2017. More interesting news about Lear Corporation (NYSE:LEA) were released by: Areadevelopment.com and their article: “Lear Corporation Expands Operations in Buick City, Michigan” published on August 23, 2017 as well as Prnewswire.com‘s news article titled: “Lear Announces Pricing of $750 Million Senior Notes Offering” with publication date: August 14, 2017.

Lear Corporation is a supplier to the global automotive industry. The company has market cap of $10.71 billion. The Firm is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. It has a 10.47 P/E ratio. The Company’s divisions include Seating and E-Systems.

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