Media coverage about Lear (NYSE:LEA) has trended somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lear earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 45.6421193773254 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
A number of brokerages recently commented on LEA. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $214.00 price target on the stock in a report on Tuesday. Longbow Research began coverage on Lear in a report on Friday, January 5th. They set a “buy” rating and a $225.00 price target on the stock. Cowen reiterated a “buy” rating and set a $196.00 price target on shares of Lear in a report on Friday, October 27th. ValuEngine upgraded Lear from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, UBS Group lowered Lear from a “buy” rating to a “neutral” rating and boosted their target price for the company from $158.00 to $182.00 in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Lear presently has a consensus rating of “Buy” and an average price target of $179.50.
Lear (NYSE LEA) opened at $182.51 on Thursday. Lear has a 52-week low of $132.01 and a 52-week high of $192.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.09. The firm has a market capitalization of $12,330.00, a price-to-earnings ratio of 11.16, a PEG ratio of 1.50 and a beta of 1.44.
Lear (NYSE:LEA) last posted its earnings results on Wednesday, October 25th. The auto parts company reported $3.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.16. Lear had a return on equity of 31.79% and a net margin of 5.79%. The business had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the previous year, the business earned $3.19 earnings per share. The firm’s revenue was up 10.1% on a year-over-year basis. analysts anticipate that Lear will post 16.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Friday, December 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, December 7th. Lear’s payout ratio is 12.22%.
In other Lear news, EVP Terrence B. Larkin sold 1,137 shares of Lear stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $177.74, for a total transaction of $202,090.38. Following the completion of the sale, the executive vice president now owns 6,912 shares of the company’s stock, valued at $1,228,538.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mel Stephens sold 796 shares of Lear stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total value of $142,484.00. Following the sale, the senior vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $7,160,000. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.
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Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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