Brokerages Set Lear Co. (NYSE:LEA) PT at $192.29

Lear Co. (NYSE:LEA) has been given an average rating of “Buy” by the nineteen analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $190.73.

LEA has been the subject of several recent research reports. Bank of America lowered shares of Lear from a “neutral” rating to an “underperform” rating and cut their target price for the company from $200.00 to $160.00 in a research note on Thursday, September 16th. Zacks Investment Research downgraded shares of Lear from a “hold” rating to a “strong sell” rating and set a $143.00 price target for the company. in a research report on Monday. Royal Bank of Canada reduced their price target on shares of Lear from $216.00 to $210.00 and set an “outperform” rating for the company in a research report on Monday, August 9th. Evercore ISI upgraded shares of Lear from an “in-line” rating to an “outperform” rating and upped their price target for the company from $170.00 to $220.00 in a research report on Monday. Finally, TheStreet upgraded shares of Lear from a “c” rating to a “b-” rating in a research report on Friday, August 13th.

NYSE LEA traded up $1.56 on Monday, hitting $173.10. The stock had a trading volume of 842 shares, compared to its average volume of 414,181. Lear has a one year low of $119.29 and a one year high of $204.91. The company has a quick ratio of 1.08, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 0.30 and a beta of 1.53. The company’s 50-day moving average is $160.58 and its two-hundred day moving average is $173.76.

Lear (NYSE:LEA) last issued its quarterly earnings results on Thursday, August 5th. The auto parts company reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.02). Lear had a return on equity of 17.71% and a net margin of 3.73%. The company had revenue of $4.76 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the company posted ($4.14) earnings per share. The company’s revenue was up 94.7% on a year-over-year basis. On average, sell-side analysts anticipate that Lear will post 11.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 21st. Shareholders of record on Thursday, September 2nd were given a $0.50 dividend. The ex-dividend date was Wednesday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. This is a boost from Lear’s previous quarterly dividend of $0.25. Lear’s payout ratio is currently 37.52%.

Large investors have recently made changes to their positions in the business. Capital Fund Management S.A. acquired a new stake in shares of Lear in the second quarter worth about $2,244,000. Kennedy Capital Management Inc. lifted its position in shares of Lear by 19.2% during the 1st quarter. Kennedy Capital Management Inc. now owns 36,800 shares of the auto parts company’s stock worth $6,670,000 after purchasing an additional 5,928 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Lear by 67.8% during the 1st quarter. Royal Bank of Canada now owns 18,693 shares of the auto parts company’s stock worth $3,388,000 after purchasing an additional 7,553 shares during the last quarter. Man Group plc raised its holdings in Lear by 209.5% in the 1st quarter. Man Group plc now owns 10,522 shares of the auto parts company’s stock valued at $1,907,000 after acquiring an additional 7,122 shares in the last quarter. Finally, Arnhold LLC raised its holdings in Lear by 12.6% in the 2nd quarter. Arnhold LLC now owns 74,518 shares of the auto parts company’s stock valued at $13,062,000 after acquiring an additional 8,338 shares in the last quarter. 95.77% of the stock is owned by institutional investors.

About Lear

Lear Corp. engages in the design, manufacture and supply of automotive seat, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the following segments: Seating and E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests.

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Analyst Recommendations for Lear (NYSE:LEA)

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