Lear (NYSE:LEA)‘s stock had its “hold” rating reissued by equities researchers at Barclays in a research note issued on Sunday, January 21st. They currently have a $200.00 price objective on the auto parts company’s stock. Barclays’ target price suggests a potential upside of 4.08% from the company’s previous close.
A number of other equities analysts also recently issued reports on the company. Cowen reaffirmed a “buy” rating and set a $220.00 price target on shares of Lear in a research report on Friday, January 19th. Zacks Investment Research raised Lear from a “hold” rating to a “buy” rating and set a $214.00 price target on the stock in a research report on Tuesday, January 9th. Longbow Research assumed coverage on Lear in a research report on Friday, January 5th. They set a “buy” rating and a $225.00 price target on the stock. ValuEngine raised Lear from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank upped their price target on Lear from $167.00 to $176.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $192.06.
Lear (LEA) traded up $5.19 during trading on Friday, reaching $192.16. The company’s stock had a trading volume of 644,858 shares, compared to its average volume of 689,465. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.11 and a current ratio of 1.36. The stock has a market capitalization of $12,649.24, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.40 and a beta of 1.48. Lear has a one year low of $132.01 and a one year high of $202.42.
Lear (NYSE:LEA) last posted its earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $0.13. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.27 billion. Lear had a return on equity of 30.32% and a net margin of 6.42%. Lear’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.80 earnings per share. research analysts anticipate that Lear will post 18.87 earnings per share for the current year.
In other Lear news, EVP Terrence B. Larkin sold 1,137 shares of the 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 sale, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $1,228,538.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mel Stephens sold 796 shares of the 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 in the company, valued at $7,160,000. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Lear by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,409,081 shares of the auto parts company’s stock worth $910,602,000 after acquiring an additional 158,042 shares in the last quarter. Boston Partners boosted its stake in shares of Lear by 1.4% during the 4th quarter. Boston Partners now owns 1,185,890 shares of the auto parts company’s stock worth $209,499,000 after acquiring an additional 16,426 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Lear by 3.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 951,518 shares of the auto parts company’s stock worth $164,689,000 after acquiring an additional 27,368 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lear by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 933,481 shares of the auto parts company’s stock worth $161,573,000 after acquiring an additional 42,464 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Lear by 12.5% during the 4th quarter. APG Asset Management N.V. now owns 887,521 shares of the auto parts company’s stock worth $130,571,000 after acquiring an additional 98,900 shares in the last quarter. 92.28% of the stock is currently owned by institutional investors.
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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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