Lear (NYSE:LEA) Given New $125.00 Price Target at Morgan Stanley

Lear (NYSE:LEA) had its target price decreased by Morgan Stanley from $135.00 to $125.00 in a research report report published on Monday,Benzinga reports. Morgan Stanley currently has an overweight rating on the auto parts company’s stock.

Several other equities research analysts have also weighed in on the company. UBS Group reduced their price objective on Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Barclays dropped their price target on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Evercore ISI reduced their price objective on shares of Lear from $125.00 to $110.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Finally, StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.09.

Lear Stock Down 2.6 %

Shares of Lear stock opened at $91.51 on Monday. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.49 and a beta of 1.42. Lear has a twelve month low of $86.28 and a twelve month high of $147.11. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $95.04 and its 200-day simple moving average is $100.78.

Lear (NYSE:LEA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Equities research analysts forecast that Lear will post 12.89 earnings per share for the current year.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $3.08 dividend on an annualized basis and a yield of 3.37%. Lear’s payout ratio is currently 34.45%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. RWC Asset Management LLP increased its position in Lear by 23.3% in the 4th quarter. RWC Asset Management LLP now owns 410,908 shares of the auto parts company’s stock worth $38,913,000 after buying an additional 77,691 shares during the period. Barclays PLC increased its position in shares of Lear by 9.8% during the 3rd quarter. Barclays PLC now owns 135,049 shares of the auto parts company’s stock worth $14,742,000 after purchasing an additional 12,094 shares in the last quarter. Nordea Investment Management AB boosted its position in Lear by 16.9% in the fourth quarter. Nordea Investment Management AB now owns 39,465 shares of the auto parts company’s stock valued at $3,759,000 after buying an additional 5,711 shares in the last quarter. Intech Investment Management LLC bought a new stake in Lear during the third quarter worth about $1,946,000. Finally, Retirement Systems of Alabama increased its holdings in shares of Lear by 7.3% during the third quarter. Retirement Systems of Alabama now owns 144,282 shares of the auto parts company’s stock worth $15,748,000 after buying an additional 9,774 shares in the last quarter. Institutional investors own 97.04% of the company’s stock.

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.