Lear (NYSE:LEA) Receives New Coverage from Analysts at Longbow Research

Equities research analysts at Longbow Research initiated coverage on shares of Lear (NYSE:LEA) in a note issued to investors on Friday, January 5th, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $225.00 price target on the auto parts company’s stock. Longbow Research’s target price points to a potential upside of 13.83% from the company’s current price.

Several other research firms have also weighed in on LEA. Zacks Investment Research lowered Lear from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Cowen reiterated a “buy” rating and set a $196.00 price objective 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. UBS Group downgraded Lear from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $158.00 to $182.00 in a report on Tuesday, October 3rd. Finally, Jefferies Group initiated coverage on Lear in a report on Thursday, September 28th. They set a “buy” rating and a $197.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $189.18.

Shares of Lear (NYSE:LEA) opened at $197.67 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34. The company has a market capitalization of $13,181.78, a price-to-earnings ratio of 11.48, a PEG ratio of 1.52 and a beta of 1.44. Lear has a 1-year low of $132.01 and a 1-year high of $202.42.

Lear (NYSE:LEA) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $0.13. Lear had a return on equity of 31.42% and a net margin of 6.42%. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same quarter in the prior year, the firm posted $3.80 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. research analysts expect that Lear will post 18 EPS for the current fiscal year.

In other Lear news, SVP Mel Stephens sold 796 shares of Lear stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total value of $142,484.00. Following the completion of the transaction, the senior vice president now directly owns 40,000 shares of the company’s stock, valued at approximately $7,160,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terrence B. Larkin sold 1,137 shares of Lear stock in a transaction on Monday, November 20th. The shares were sold at an average price of $177.74, for a total value of $202,090.38. Following the completion of the transaction, the executive vice president now owns 6,912 shares in the company, valued at approximately $1,228,538.88. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of LEA. Toronto Dominion Bank grew its position in Lear by 10.9% during the 2nd quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after acquiring an additional 84 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new stake in Lear during the 2nd quarter worth $126,000. Cerebellum GP LLC bought a new stake in Lear during the 4th quarter worth $126,000. IFM Investors Pty Ltd bought a new stake in Lear during the 4th quarter worth $204,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Lear during the 3rd quarter worth $210,000. Institutional investors own 91.66% of the company’s stock.

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Lear Company Profile

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.

Analyst Recommendations for Lear (NYSE:LEA)

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