Lear Stock Hits New 52-Week High (LEA)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Lear Corporation (NYSE: LEA) hit a new 52-week high Friday as it is currently trading at $56.40, above its previous 52-week high of $56.08 with 79,402 shares traded as of 9:46 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Lear has a market cap of $5.33 billion and is part of the consumer goods sector and automotive industry. Shares are up 19.6% year to date as of the close of trading on Thursday.

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). The company has a P/E ratio of 4.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Lear as a buy. 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 solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Lear Ratings Report.

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