Lear (NYSE:LEA) PT Lowered to $140.00

Lear (NYSE:LEA) had its price target decreased by equities researchers at Barclays from $150.00 to $140.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. Barclays‘s price target would indicate a potential upside of 33.50% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Lear from $179.00 to $166.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Morgan Stanley decreased their price objective on shares of Lear from $150.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Wells Fargo & Company decreased their price objective on shares of Lear from $131.00 to $114.00 and set an “equal weight” rating for the company in a research note on Friday, September 20th. Evercore ISI decreased their price objective on shares of Lear from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lear from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.64.

Lear Stock Performance

Shares of NYSE LEA opened at $104.87 on Tuesday. The company has a market cap of $5.96 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. Lear has a 12 month low of $101.67 and a 12 month high of $147.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.04. The company has a 50-day simple moving average of $109.93 and a 200-day simple moving average of $119.47.

Lear (NYSE:LEA) last released its earnings results on Thursday, July 25th. The auto parts company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.26. Lear had a net margin of 2.30% and a return on equity of 14.75%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. Lear’s revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Lear will post 12.49 earnings per share for the current year.

Institutional Trading of Lear

Several institutional investors have recently added to or reduced their stakes in LEA. Altshuler Shaham Ltd acquired a new stake in Lear in the second quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in Lear in the first quarter valued at $29,000. Riverview Trust Co acquired a new stake in Lear in the first quarter valued at $32,000. EverSource Wealth Advisors LLC raised its holdings in Lear by 70.5% in the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 110 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Lear in the first quarter valued at $62,000. 97.04% of the stock is owned by institutional investors and hedge funds.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.