Lear Corp. (NYSE: LEA) is -14.48% lower on its value in year-to-date trading and has touched a low of $112.26 and a high of $157.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LEA stock was last observed hovering at around $116.47 in the last trading session, with the day’s gains setting it 4.29%.
Currently trading at $120.76, the stock is 3.13% and -0.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 3.68% at the moment leaves the stock -8.28% off its SMA200. LEA registered -19.51% loss for a year compared to 6-month loss of -7.39%.
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The stock witnessed a 5.11% gain in the last 1 month and extending the period to 3 months gives it a -10.66%, and is -1.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 2.60% over the month.
Lear Corp. (LEA) has around 186600 employees, a market worth around $6.86B and $23.61B in sales. Current P/E ratio is 13.17 and Fwd P/E is 7.36. Profit margin for the company is 2.28%. Distance from 52-week low is 7.57% and -23.52% from its 52-week high. The company has generated returns on investments over the last 12 months (6.52%).
The EPS is expected to grow by 12.06% this year
The shares outstanding are 56.98M, and float is at 56.64M with Short Float at 3.94%.
Lear Corp. (LEA) Insider Activity
The most recent transaction is an insider sale by MALLETT CONRAD L JR, the company’s Director. SEC filings show that MALLETT CONRAD L JR sold 1,278 shares of the company’s common stock on May 28 ’24 at a price of $124.55 per share for a total of $0.16 million. Following the sale, the insider now owns 0.0 shares.
Lear Corp. disclosed in a document filed with the SEC on May 23 ’24 that SMITH GREG C (Director) sold a total of 2,392 shares of the company’s common stock. The trade occurred on May 23 ’24 and was made at $123.86 per share for $0.3 million. Following the transaction, the insider now directly holds 0.0 shares of the LEA stock.
Still, SEC filings show that on Mar 05 ’24, Cardew Jason M (Sr. VP & CFO) disposed off 2,750 shares at an average price of $140.81 for $0.39 million. The insider now directly holds 17,506 shares of Lear Corp. (LEA).
