Lear Corporation (LEA): Today's Featured Automotive Winner - TheStreet

Lear Corporation



) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole was unchanged today. By the end of trading, Lear Corporation rose $1.01 (1.7%) to $60.46 on average volume. Throughout the day, 1,316,123 shares of Lear Corporation exchanged hands as compared to its average daily volume of 1,004,800 shares. The stock ranged in a price between $59.27-$60.71 after having opened the day at $59.52 as compared to the previous trading day's close of $59.45. Other companies within the Automotive industry that increased today were:




), up 5.8%,




), up 3.3%,




), up 3.2% and

Marine Products Corporation



), up 2.7%.

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 $5.4 billion and is part of the consumer goods sector. The company has a P/E ratio of 4.8, below the S&P 500 P/E ratio of 17.7. Shares are up 26.9% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Lear Corporation a buy, no analysts rate it a sell, and 4 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, notable return on equity, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

China Automotive Systems



), down 4.3%,

Douglas Dynamics



), down 3.3%,

Miller Industries



), down 2.8% and

Federal Signal



), down 2.5% , were all laggards within the automotive industry with

Tesla Motors



) being today's automotive industry laggard.

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




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