Barclays Cuts Lear (NYSE:LEA) Price Target to $140.00

by · The Cerbat Gem

Lear (NYSE:LEA – Free Report) had its target price lowered by Barclays from $150.00 to $140.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $132.00 price objective on shares of Lear in a report on Tuesday, September 10th. JPMorgan Chase & Co. lowered their target price on Lear from $179.00 to $166.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Evercore ISI lowered their target price on Lear from $155.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, July 15th. UBS Group lowered their target price on Lear from $136.00 to $128.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Bank of America lowered their target price on Lear from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Lear presently has an average rating of “Moderate Buy” and an average price target of $145.64.

View Our Latest Stock Analysis on Lear

Lear Stock Performance

NYSE LEA opened at $105.96 on Tuesday. The business’s 50-day moving average price is $109.84 and its 200 day moving average price is $119.38. The company has a market capitalization of $6.02 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.56. Lear has a twelve month low of $101.67 and a twelve month high of $147.11.

Lear (NYSE:LEA – Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.26. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.02 billion. Lear had a return on equity of 14.75% and a net margin of 2.30%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $3.33 EPS. On average, research analysts predict that Lear will post 12.49 earnings per share for the current year.

Lear Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.77 per share. The ex-dividend date was Wednesday, September 4th. This represents a $3.08 dividend on an annualized basis and a yield of 2.91%. Lear’s dividend payout ratio (DPR) is presently 33.59%.

Institutional Investors Weigh In On Lear

A number of hedge funds have recently bought and sold shares of LEA. V Square Quantitative Management LLC grew its stake in Lear by 72.1% during the 4th quarter. V Square Quantitative Management LLC now owns 654 shares of the auto parts company’s stock valued at $92,000 after purchasing an additional 274 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Lear during the 4th quarter valued at approximately $527,000. HighPoint Advisor Group LLC acquired a new stake in Lear during the 4th quarter valued at approximately $339,000. Nomura Holdings Inc. acquired a new stake in Lear during the 4th quarter valued at approximately $2,374,000. Finally, Kapitalo Investimentos Ltda bought a new position in Lear during the 4th quarter worth approximately $75,000. Institutional investors and hedge funds own 97.04% of the company’s stock.

Lear Company Profile

(Get Free Report)

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.

Featured Articles