Lear Corp. (LEA) Looks Good: Stock Adds 5.7% in Session

LEA

Lear Corp. (LEA - Free Report) was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside was driven by the company’s better-than-expected third-quarter 2016 results and raised guidance for the full year. This breaks the recent trend of the company since Oct 10, as the stock is now trading above the volatile price range of $112.84 to $120.35.

In the last 30 days, the company has seen one upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for Lear Corp. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.      

Lear Corp. currently holds a Zacks Rank #2 (Buy).

Another well-ranked Auto-Truck stock is Horizon Global Corporation , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LEA going up? Or down? Predict to see what others think: Up or Down

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