Lear (NYSE:LEA) Lowered to Hold Rating by TD Cowen

Lear (NYSE:LEA) was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating in a report issued on Friday,Finviz reports. They currently have a $95.00 price target on the auto parts company’s stock. TD Cowen’s price objective would indicate a potential downside of 0.03% from the company’s current price.

Several other brokerages have also commented on LEA. Evercore ISI dropped their price target on shares of Lear from $125.00 to $110.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Barclays decreased their price objective on shares of Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley decreased their price objective on shares of Lear from $135.00 to $125.00 and set an “overweight” rating for the company in a report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lear currently has a consensus rating of “Hold” and an average price target of $123.36.

Lear Stock Performance

Shares of LEA stock opened at $95.03 on Friday. The company’s fifty day moving average price is $94.90 and its two-hundred day moving average price is $100.57. The firm has a market capitalization of $5.10 billion, a P/E ratio of 10.63, a P/E/G ratio of 0.49 and a beta of 1.44. Lear has a 12 month low of $86.28 and a 12 month high of $147.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.02.

Lear (NYSE:LEA) last issued its earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. On average, research analysts anticipate that Lear will post 12.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in shares of 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. Brooklyn Investment Group acquired a new stake in Lear during the third quarter valued at $34,000. Addison Advisors LLC grew its stake in Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 137 shares in the last quarter. UMB Bank n.a. increased its position in Lear by 233.3% in the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company’s stock worth $39,000 after purchasing an additional 287 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Lear during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.