Lear (LEA) PT Set at $188.00 by Susquehanna Bancshares

Lear (NYSE:LEA) has been given a $188.00 price target by Susquehanna Bancshares in a report released on Wednesday. The brokerage currently has a “hold” rating on the auto parts company’s stock. Susquehanna Bancshares’ price target would indicate a potential downside of 0.62% from the company’s previous close.

Several other brokerages have also recently commented on LEA. ValuEngine upgraded Lear from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. Deutsche Bank upgraded Lear from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research report on Wednesday, February 7th. Robert W. Baird reiterated a “buy” rating and set a $213.00 price target on shares of Lear in a research report on Friday, January 26th. Zacks Investment Research upgraded Lear from a “hold” rating to a “buy” rating and set a $221.00 target price for the company in a report on Thursday, February 1st. Finally, Guggenheim set a $206.00 target price on Lear and gave the company a “hold” rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $190.95.

Shares of Lear (NYSE LEA) opened at $189.17 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.11 and a current ratio of 1.36. Lear has a 12-month low of $132.01 and a 12-month high of $202.42. The company has a market capitalization of $12,660.00, a P/E ratio of 11.23 and a beta of 1.46.

Lear (NYSE:LEA) last issued its quarterly earnings results on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.25 by $0.13. Lear had a return on equity of 30.32% and a net margin of 6.42%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.27 billion. During the same period in the previous year, the business earned $3.80 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. analysts predict that Lear will post 18.32 EPS for the current fiscal year.

Lear declared that its board has initiated a stock buyback program on Wednesday, February 14th that permits the company to buyback $954.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

In related news, Director Donald L. Runkle sold 1,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $190.67, for a total transaction of $190,670.00. Following the transaction, the director now owns 2,944 shares of the company’s stock, valued at approximately $561,332.48. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Mel Stephens sold 17,006 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $193.00, for a total value of $3,282,158.00. Following the transaction, the senior vice president now directly owns 15,694 shares in the company, valued at approximately $3,028,942. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,115 shares of company stock worth $49,699,331. 0.49% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new position in Lear during the 4th quarter worth about $126,000. Financial Gravity Companies Inc. acquired a new stake in Lear in the 4th quarter valued at about $183,000. Tower Research Capital LLC TRC raised its position in Lear by 69.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,010 shares of the auto parts company’s stock valued at $178,000 after purchasing an additional 413 shares in the last quarter. Focused Wealth Management Inc acquired a new stake in Lear in the 4th quarter valued at about $186,000. Finally, IFM Investors Pty Ltd acquired a new stake in Lear in the 4th quarter valued at about $204,000. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

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About Lear

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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