JPMorgan Chase & Co. Issues Pessimistic Forecast for Lear (NYSE:LEA) Stock Price

Lear (NYSE:LEA) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $147.00 to $143.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 48.89% from the company’s current price.

Other equities analysts have also issued reports about the stock. TD Cowen cut their price objective on shares of Lear from $142.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Bank of America lowered their price target on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays decreased their price objective on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.18.

Lear Price Performance

NYSE LEA opened at $96.05 on Monday. The company has a market cap of $5.22 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.49 and a beta of 1.43. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $96.06 and its two-hundred day simple moving average is $104.27. Lear has a 52 week low of $90.03 and a 52 week high of $147.11.

Institutional Investors Weigh In On Lear

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in Lear during the 4th quarter valued at approximately $993,000. Vest Financial LLC raised its stake in Lear by 86.6% in the fourth quarter. Vest Financial LLC now owns 25,901 shares of the auto parts company’s stock worth $2,453,000 after buying an additional 12,018 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Lear by 147.9% during the 4th quarter. State of Alaska Department of Revenue now owns 16,198 shares of the auto parts company’s stock worth $1,533,000 after acquiring an additional 9,665 shares during the period. ARGA Investment Management LP raised its position in shares of Lear by 25.7% in the 4th quarter. ARGA Investment Management LP now owns 595,615 shares of the auto parts company’s stock worth $56,405,000 after acquiring an additional 121,734 shares in the last quarter. Finally, Trust Point Inc. lifted its stake in shares of Lear by 15.6% in the 4th quarter. Trust Point Inc. now owns 2,377 shares of the auto parts company’s stock valued at $225,000 after purchasing an additional 320 shares during the period. 97.04% of the stock is currently owned by institutional investors.

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.