Lear Corporation shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, the company seems undervalued relatively to its peers with a EV/Sales of 0.42. In the recent months, the earnings estimates for the next year are regularly revised upward by analysts.

With an EPS estimated at USD 12.3 for this year and USD 13.1 for the next year, Lear Corporation is currently paid 8.2 and 7.7 times the results.
This situation gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 95 resistance.

Thanks to the technical pattern and Lear Corporation’s strong fundamentals, active investors can open long positions above USD 97.7. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 108 in a first time.
However, a bearish trend would regain the upper hand if the security crosses USD 97.7.