Lear (NYSE:LEA) Price Target Raised to $125.00 at Barclays

Lear (NYSE:LEA) had its target price hoisted by Barclays from $120.00 to $125.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Lear from $133.00 to $138.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Bank of America lowered shares of Lear from a “buy” rating to a “neutral” rating and cut their price target for the company from $135.00 to $123.00 in a report on Wednesday, September 10th. UBS Group decreased their price objective on shares of Lear from $109.00 to $106.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. The Goldman Sachs Group set a $104.00 target price on shares of Lear in a research note on Monday, September 29th. Finally, Wall Street Zen lowered shares of Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lear currently has a consensus rating of “Hold” and an average target price of $118.60.

Lear Stock Down 1.9%

Shares of NYSE LEA opened at $108.01 on Monday. The stock has a market capitalization of $5.60 billion, a PE ratio of 12.60, a P/E/G ratio of 0.82 and a beta of 1.38. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $104.02 and a 200-day moving average of $99.27. Lear has a 52-week low of $73.85 and a 52-week high of $113.10.

Lear (NYSE:LEA) last issued its earnings results on Friday, October 31st. The auto parts company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.03. Lear had a return on equity of 13.94% and a net margin of 2.05%.The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same period last year, the company posted $2.89 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Lear has set its FY 2025 guidance at EPS. On average, analysts anticipate that Lear will post 12.89 EPS for the current year.

Lear Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Wednesday, September 3rd were issued a $0.77 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.9%. Lear’s payout ratio is currently 37.65%.

Institutional Trading of Lear

A number of hedge funds and other institutional investors have recently modified their holdings of LEA. Schroder Investment Management Group boosted its stake in Lear by 75.6% during the 2nd quarter. Schroder Investment Management Group now owns 1,801,284 shares of the auto parts company’s stock valued at $171,086,000 after acquiring an additional 775,476 shares during the last quarter. Oldfield Partners LLP acquired a new stake in shares of Lear in the 1st quarter valued at about $53,799,000. American Century Companies Inc. lifted its position in shares of Lear by 78.6% during the second quarter. American Century Companies Inc. now owns 1,269,500 shares of the auto parts company’s stock worth $120,577,000 after purchasing an additional 558,538 shares during the last quarter. Norges Bank bought a new position in shares of Lear during the second quarter worth about $48,468,000. Finally, AQR Capital Management LLC grew its stake in Lear by 483.4% in the first quarter. AQR Capital Management LLC now owns 567,335 shares of the auto parts company’s stock worth $49,625,000 after purchasing an additional 470,096 shares in the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Lear Company Profile

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.