Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lear Corp before investing.

In this article, we go over a few key elements for understanding Lear Corp’s stock price such as:

• Lear Corp’s current stock price and volume
• Why Lear Corp’s stock price changed recently
• Upgrades and downgrades for LEA from analysts
• LEA’s stock price momentum as measured by its relative strength

About Lear Corp (LEA)

Before we jump into Lear Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Lear Corporation is a global automotive technology company. The Company supplies complete seat systems, key seat components, complete electrical distribution and connection systems, high-voltage power distribution products, including battery disconnect units (BDUs), low-voltage power distribution products, electronic controllers and other electronic products to automotive manufacturers. The Company’s segments include Seating and E-Systems. Its Seating segment consists of the design, development, engineering and manufacture of complete seat systems and key seat components. Its E-Systems segment consists of the design, development, engineering and manufacture of complete electrical distribution and connection systems, high-voltage power distribution products, including BDUs, and low-voltage power distribution products, electronic controllers and other electronic products. Its software offerings include embedded control, cybersecurity software and software to control hardware devices.

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Lear Corp’s Stock Price as of Market Close

As of April 30, 2024, 4:00 PM, CST, Lear Corp’s stock price was $125.87.

Lear Corp is down 8.28% from its previous closing price of $137.23.

During the last market session, Lear Corp’s stock traded between $136.57 and $138.69. Currently, there are 58.10 million shares of Lear Corp stock available for purchase.

Lear Corp’s price-earnings (P/E) ratio is currently at 14.2, which is low compared to the Auto, Truck & Motorcycle Parts industry median of 14.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Lear Corp Stock Price History

Lear Corp’s (LEA) price is currently down 13.12% so far this month.

During the month of April, Lear Corp’s stock price has reached a high of $145.35 and a low of $125.62.

Over the last year, Lear Corp has hit prices as high as $157.91 and as low as $117.79. Year to date, Lear Corp’s stock is up 1.49%.

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What Caused Lear Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 29, 2024, there were 8 analysts who downgraded Lear Corp’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Lear Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lear Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Lear Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lear Corp (LEA) by visiting AAII Stock Evaluator.

Relative Price Strength of Lear Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 29, 2024, Lear Corp has a weighted four-quarter relative price strength of -2.72%, which translates to a Momentum Score of 55 and is considered to be Average.

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Lear Corp Stock Price: Bottom Line

As of April 30, 2024, Lear Corp’s stock price is $125.87, which is down 8.28% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lear Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.