Lear Co. (NYSE:LEA) Receives $127.00 Consensus Target Price from Brokerages

Shares of Lear Co. (NYSE:LEA) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $127.00.

Several research analysts have recently commented on LEA shares. Evercore ISI decreased their price objective on Lear from $125.00 to $110.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Morgan Stanley reduced their price target on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th.

Lear Trading Down 2.5 %

NYSE LEA opened at $93.97 on Monday. The stock’s 50-day simple moving average is $95.10 and its two-hundred day simple moving average is $101.05. Lear has a twelve month low of $86.28 and a twelve month high of $147.11. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 0.49 and a beta of 1.42.

Lear (NYSE:LEA) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Research analysts forecast that Lear will post 12.89 EPS for the current fiscal year.

Lear Dividend Announcement

The company also recently disclosed 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 is Thursday, March 6th. This represents a $3.08 annualized dividend and a yield of 3.28%. Lear’s payout ratio is 34.45%.

Institutional Trading of Lear

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Blue Trust Inc. boosted its position in Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 214 shares in the last quarter. Brooklyn Investment Group bought a new stake in Lear during the 3rd quarter valued at approximately $34,000. Signaturefd LLC boosted its position in shares of Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 139 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after buying an additional 137 shares during the last quarter. 97.04% of the stock is 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.