We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lear (LEA) Hits 52-Week High: What's Driving the Stock?
Read MoreHide Full Article
Shares of Lear Corporation (LEA - Free Report) scaled a 52-week high of $ 192.13 on Jan 5, eventually closing at $ 191.39.
Lear Corporation has a market cap of roughly $12.9 billion. Average volume of shares traded is around 459,243. The company has an expected long-term EPS growth of 7.1%.
The stock has seen the Zacks Consensus Estimate for fiscal 2018 being revised 0.4% upward, respectively, over the last 30 days. The company delivered a positive earnings surprise in each of the trailing four quarters, the average beat being 7.5%.
Shares of Lear Corporation have gained 10.1% in the past three months, outperforming the industry’s 5.4% growth.
Driving Factors
Lear Corporation is a top supplier of automotive seating systems, electrical distribution systems and electronics. Recently, the company inked a deal for acquiring Israel-based EXO Technologies, which is engaged in developing innovative software-based solutions for GPS. The acquisition is likely to provide Lear with a different technology to appreciably enhance GPS accuracy and reliability. This will in turn improve vehicle safety and assist in autonomous driving.
Last year, Lear Corporation announced the inking of a new credit agreement. This move was aimed at enhancing the financial flexibility of the company and positioning it well, in order to take advantage of the conducive market conditions.
A couple of other top-ranked automobile stocks in the same space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Denso Corp. (DNZOY - Free Report) and Oshkosh Corporation (OSK - Free Report) , each carrying a Zacks Rank #2.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 35.6% in the past 12 months.
Denso has a long-term growth rate of 10.1%. The company’s shares have gained 23.5% in the past 12 months.
Oshkosh has a long-term growth rate of 16.5%. The company’s shares have gained 35.7% in the past 12 months.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Image: Bigstock
Lear (LEA) Hits 52-Week High: What's Driving the Stock?
Shares of Lear Corporation (LEA - Free Report) scaled a 52-week high of $ 192.13 on Jan 5, eventually closing at $ 191.39.
Lear Corporation has a market cap of roughly $12.9 billion. Average volume of shares traded is around 459,243. The company has an expected long-term EPS growth of 7.1%.
The stock has seen the Zacks Consensus Estimate for fiscal 2018 being revised 0.4% upward, respectively, over the last 30 days. The company delivered a positive earnings surprise in each of the trailing four quarters, the average beat being 7.5%.
Shares of Lear Corporation have gained 10.1% in the past three months, outperforming the industry’s 5.4% growth.
Driving Factors
Lear Corporation is a top supplier of automotive seating systems, electrical distribution systems and electronics. Recently, the company inked a deal for acquiring Israel-based EXO Technologies, which is engaged in developing innovative software-based solutions for GPS. The acquisition is likely to provide Lear with a different technology to appreciably enhance GPS accuracy and reliability. This will in turn improve vehicle safety and assist in autonomous driving.
Last year, Lear Corporation announced the inking of a new credit agreement. This move was aimed at enhancing the financial flexibility of the company and positioning it well, in order to take advantage of the conducive market conditions.
Lear Corporation currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A couple of other top-ranked automobile stocks in the same space are Allison Transmission Holdings, Inc. (ALSN - Free Report) , Denso Corp. (DNZOY - Free Report) and Oshkosh Corporation (OSK - Free Report) , each carrying a Zacks Rank #2.
Allison Transmission has a long-term growth rate of 10%. The company’s shares have gained 35.6% in the past 12 months.
Denso has a long-term growth rate of 10.1%. The company’s shares have gained 23.5% in the past 12 months.
Oshkosh has a long-term growth rate of 16.5%. The company’s shares have gained 35.7% in the past 12 months.
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>