Lear Stock Hits New 52-Week High (LEA)

NEW YORK ( TheStreet) -- Lear Corporation (NYSE: LEA) hit a new 52-week high Monday as it is currently trading at $61.53, above its previous 52-week high of $61.51 with 386,859 shares traded as of 11 a.m. ET. Average volume has been 999,700 shares over the past 30 days.

Lear has a market cap of $5.5 billion and is part of the consumer goods sector and automotive industry. Shares are up 29.1% year to date as of the close of trading on Friday.

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 4.8, 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 solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Lear Ratings Report.

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