Press coverage about Lear (NYSE:LEA) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lear earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.280081234403 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Lear (LEA) opened at $197.67 on Wednesday. The company has a market cap of $13,181.78, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44. Lear has a fifty-two week low of $132.01 and a fifty-two week high of $202.42. The company has a current ratio of 1.34, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.
Lear (NYSE:LEA) last released its quarterly earnings data on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.25 by $0.13. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.27 billion. Lear had a net margin of 6.42% and a return on equity of 31.42%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.80 earnings per share. equities research analysts anticipate that Lear will post 18 EPS for the current year.
A number of brokerages have commented on LEA. Guggenheim set a $206.00 price target on shares of Lear and gave the company a “hold” rating in a research note on Monday. KeyCorp boosted their price target on shares of Lear from $180.00 to $184.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Cowen restated a “buy” rating and set a $220.00 price target on shares of Lear in a research note on Friday, January 19th. Jefferies Group reaffirmed a “buy” rating and set a $231.00 price objective on shares of Lear in a report on Monday. Finally, Deutsche Bank lifted their price objective on shares of Lear from $167.00 to $176.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $189.18.
In related news, EVP Terrence B. Larkin sold 1,137 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 6,912 shares in the company, valued at $1,228,538.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the completion of the transaction, the senior vice president now owns 40,000 shares in the company, valued at $7,160,000. The disclosure for this sale can be found here. Corporate insiders own 0.49% 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.
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