Lear Corporation (LEA): Today's Featured Automotive Winner
(
) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day down 0.2%. By the end of trading, Lear Corporation rose 51 cents (1.3%) to $41.01 on light volume. Throughout the day, 704,391 shares of Lear Corporation exchanged hands as compared to its average daily volume of 957,900 shares. The stock ranged in a price between $40.25-$41.02 after having opened the day at $40.29 as compared to the previous trading day's close of $40.50. Other companies within the Automotive industry that increased today were:
Quantum Fuel Systems Technologies Worldwide
(
), up 17.3%,
(
), up 4.7%,
(
), up 3.1%, and
(
), up 2.9%.
Lear Corporation designs, manufactures, assembles, and supplies automotive seat systems, electrical distribution systems, and related components primarily to automotive original equipment manufacturers. It operates in two segments, Seating and Electrical Power Management Systems (EPMS). Lear Corporation has a market cap of $3.94 billion and is part of the
sector. The company has a P/E ratio of 8.2, above the average automotive industry P/E ratio of eight and below the S&P 500 P/E ratio of 17.7. Shares are up 1.9% year to date as of the close of trading on Thursday. Currently there are nine analysts that rate Lear Corporation a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Lear Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.
- You can view the full Lear Ratings Report.
On the negative front,
(
), down 6.5%,
(
), down 5.8%,
(
), down 3%, and
(
), down 3%, were all losers within the automotive industry with
(
) being today's automotive industry loser.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
Consumer Discretionary Sel Sec SPDR
(
) while those bearish on the automotive industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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