Shares of Lear Co. (NYSE:LEA – Get Free Report) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $159.55.
Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Lear from $164.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 3rd. Argus upped their price objective on shares of Lear from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. UBS Group lowered their price objective on shares of Lear from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on Lear from $137.00 to $147.00 in a research note on Wednesday, June 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Lear from $169.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, July 20th.
View Our Latest Stock Analysis on Lear
Insider Buying and Selling
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LEA. FNY Investment Advisers LLC purchased a new position in Lear in the third quarter valued at approximately $26,000. Covestor Ltd boosted its holdings in shares of Lear by 154.7% in the 2nd quarter. Covestor Ltd now owns 191 shares of the auto parts company’s stock valued at $27,000 after buying an additional 116 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Lear by 65.4% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 220 shares of the auto parts company’s stock valued at $32,000 after buying an additional 87 shares during the last quarter. Belpointe Asset Management LLC raised its stake in Lear by 90.8% during the 1st quarter. Belpointe Asset Management LLC now owns 290 shares of the auto parts company’s stock worth $40,000 after acquiring an additional 138 shares in the last quarter. Finally, Psagot Value Holdings Ltd. Israel purchased a new stake in Lear in the first quarter valued at $40,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.
Lear Stock Performance
NYSE:LEA opened at $136.56 on Friday. The company’s 50-day moving average is $140.23 and its two-hundred day moving average is $138.13. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 0.35 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 1.06. Lear has a 1-year low of $114.67 and a 1-year high of $157.90.
Lear (NYSE:LEA – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The auto parts company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.21 by $0.12. Lear had a return on equity of 13.84% and a net margin of 2.32%. The company had revenue of $6 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the business posted $1.79 earnings per share. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts forecast that Lear will post 11.83 EPS for the current year.
Lear Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 30th. Lear’s dividend payout ratio is presently 35.16%.
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.
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