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

Shares of Lear Co. (NYSE:LEA) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $140.25.

LEA has been the topic of several recent analyst reports. Barclays lowered shares of Lear from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $140.00 to $120.00 in a research report on Wednesday, October 30th. TD Cowen dropped their price objective 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 target price on shares of Lear in a research report on Tuesday, September 10th. Bank of America dropped their price target on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, The Goldman Sachs Group decreased their price objective on shares of Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Lear by 11,753.3% in the second quarter. Pacer Advisors Inc. now owns 1,016,778 shares of the auto parts company’s stock valued at $116,126,000 after purchasing an additional 1,008,200 shares during the last quarter. Pzena Investment Management LLC increased its stake in shares of Lear by 15.2% during the 2nd quarter. Pzena Investment Management LLC now owns 7,187,890 shares of the auto parts company’s stock valued at $820,929,000 after acquiring an additional 946,109 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lear by 36.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,871,346 shares of the auto parts company’s stock worth $213,726,000 after acquiring an additional 504,091 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Lear by 115.4% in the second quarter. Point72 Asset Management L.P. now owns 561,100 shares of the auto parts company’s stock worth $64,083,000 after acquiring an additional 300,667 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in Lear by 9.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 2,754,752 shares of the auto parts company’s stock valued at $314,620,000 after purchasing an additional 238,964 shares during the period. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Lear Price Performance

Shares of LEA opened at $98.35 on Wednesday. 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 stock’s 50 day moving average is $100.03 and its two-hundred day moving average is $109.55. Lear has a twelve month low of $92.14 and a twelve month high of $147.11. The firm has a market capitalization of $5.34 billion, a PE ratio of 10.34, a P/E/G ratio of 0.60 and a beta of 1.45.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share 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 period in the previous year, the business earned $2.87 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts anticipate that Lear will post 12.01 earnings per share for the current year.

Lear Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.13%. Lear’s dividend payout ratio (DPR) is presently 32.39%.

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.