Lear Co. (NYSE:LEA) Receives $140.25 Average Target Price from Analysts

Lear Co. (NYSE:LEAGet Free Report) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $140.25.

Several analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, November 14th. TD Cowen decreased their price target on Lear from $142.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $132.00 price target on shares of Lear in a research note on Tuesday, September 10th. Barclays cut Lear from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $140.00 to $120.00 in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. cut their price objective on Lear from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Monday, October 21st.

Check Out Our Latest Research Report on LEA

Lear Stock Performance

Shares of LEA stock opened at $95.40 on Friday. Lear has a 1-year low of $94.29 and a 1-year high of $147.11. The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 10.03, a P/E/G ratio of 0.53 and a beta of 1.46. The stock’s fifty day simple moving average is $103.36 and its 200-day simple moving average is $113.48.

Lear (NYSE:LEAGet Free Report) last issued its earnings results on Thursday, October 24th. The auto parts company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.32. Lear had a return on equity of 14.68% and a net margin of 2.33%. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the previous year, the company posted $2.87 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Lear will post 12.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lear

Hedge funds and other institutional investors have recently modified their holdings of the stock. Swedbank AB bought a new position in shares of Lear during the 1st quarter worth approximately $1,984,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Lear by 35.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,995 shares of the auto parts company’s stock valued at $7,953,000 after purchasing an additional 14,305 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Lear during the 2nd quarter valued at $530,000. Shell Asset Management Co. increased its holdings in Lear by 73.6% during the 1st quarter. Shell Asset Management Co. now owns 11,754 shares of the auto parts company’s stock valued at $1,703,000 after purchasing an additional 4,984 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Lear by 4.2% in the 1st quarter. Boston Partners now owns 1,023,165 shares of the auto parts company’s stock valued at $148,216,000 after buying an additional 41,496 shares during the period. Institutional investors own 97.04% of the company’s stock.

About Lear

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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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Analyst Recommendations for Lear (NYSE:LEA)

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