Lear Co. (NYSE:LEA) Receives $134.18 Average PT from Brokerages

Shares of Lear Co. (NYSE:LEA) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $134.18.

LEA has been the topic of a number of analyst reports. TD Cowen decreased their target price on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group reduced their price target on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Barclays cut Lear from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $140.00 to $120.00 in a report on Wednesday, October 30th. StockNews.com raised Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, Morgan Stanley dropped 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.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Altshuler Shaham Ltd acquired a new position in shares of Lear during the second quarter worth $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Lear by 70.5% in the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 110 shares during the period. Brooklyn Investment Group bought a new stake in Lear in the third quarter valued at approximately $34,000. Blue Trust Inc. increased 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 purchasing an additional 214 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 139 shares during the last quarter. 97.04% of the stock is currently owned by institutional investors and hedge funds.

Lear Stock Performance

NYSE LEA opened at $93.02 on Friday. Lear has a 52-week low of $91.20 and a 52-week high of $147.11. The stock has a market cap of $5.05 billion, a PE ratio of 9.78, a P/E/G ratio of 0.58 and a beta of 1.43. The firm has a 50-day moving average of $96.51 and a 200-day moving average of $106.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33.

Lear (NYSE:LEA) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.87 EPS. On average, sell-side analysts anticipate that Lear will post 12.01 EPS for the current year.

Lear Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 11th were given a $0.77 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a yield of 3.31%. Lear’s dividend payout ratio is currently 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.