Lear Co. (NYSE:LEA) Receives $140.25 Consensus Price Target from Brokerages

Shares of Lear Co. (NYSE:LEA) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $140.25.

Several brokerages have recently commented on LEA. Morgan Stanley lowered their price target on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Wells Fargo & Company dropped their target price on shares of Lear from $114.00 to $106.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $132.00 price target on shares of Lear in a research report on Tuesday, September 10th. StockNews.com lowered Lear from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group decreased their target price on Lear from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st.

Lear Stock Performance

LEA stock opened at $98.38 on Wednesday. The stock has a market capitalization of $5.35 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03. The company has a 50 day moving average price of $100.03 and a 200 day moving average price of $109.74. Lear has a fifty-two week low of $92.14 and a fifty-two week high of $147.11.

Lear (NYSE:LEA) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.87 earnings per share. Analysts forecast that Lear will post 12.01 EPS for the current year.

Lear Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 11th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Wednesday, December 11th. Lear’s dividend payout ratio is presently 32.39%.

Institutional Trading of Lear

Several institutional investors and hedge funds have recently bought and sold shares of LEA. Altshuler Shaham Ltd acquired a new stake in shares of Lear in the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its position in Lear by 70.5% during the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 110 shares during the period. Brooklyn Investment Group bought a new stake in Lear in the 3rd quarter valued at about $34,000. Blue Trust Inc. grew its position in Lear by 240.4% during the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after buying an additional 214 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

About Lear

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.