Shares of Lear Co. (NYSE:LEA) have been given an average recommendation of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $148.08.
Several equities research analysts have commented on the stock. Morgan Stanley lowered their price target on shares of Lear from $165.00 to $143.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. Buckingham Research cut their price target on Lear from $140.00 to $105.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. ValuEngine upgraded Lear from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group cut Lear from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $158.00 to $135.00 in a report on Thursday, September 12th. Finally, KeyCorp lowered their target price on Lear from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, September 30th.
Several hedge funds have recently bought and sold shares of LEA. NEXT Financial Group Inc increased its stake in shares of Lear by 64.8% in the 2nd quarter. NEXT Financial Group Inc now owns 422 shares of the auto parts company’s stock valued at $59,000 after purchasing an additional 166 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Lear by 6.8% during the 2nd quarter. Arizona State Retirement System now owns 19,911 shares of the auto parts company’s stock worth $2,773,000 after buying an additional 1,270 shares during the period. Strs Ohio raised its stake in shares of Lear by 6.6% during the 2nd quarter. Strs Ohio now owns 7,386 shares of the auto parts company’s stock worth $1,028,000 after buying an additional 455 shares during the period. Moody Aldrich Partners LLC acquired a new position in shares of Lear during the 2nd quarter worth approximately $561,000. Finally, Dearborn Partners LLC lifted its position in shares of Lear by 25.1% during the 2nd quarter. Dearborn Partners LLC now owns 4,220 shares of the auto parts company’s stock valued at $587,000 after buying an additional 846 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:LEA opened at $120.64 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53. Lear has a twelve month low of $105.10 and a twelve month high of $160.00. The company’s 50 day moving average is $122.07 and its 200 day moving average is $123.45. The company has a market cap of $7.28 billion, a PE ratio of 6.62, a price-to-earnings-growth ratio of 3.59 and a beta of 1.46.
Lear (NYSE:LEA) last released its quarterly earnings data on Friday, October 25th. The auto parts company reported $3.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.14 by $0.40. Lear had a net margin of 4.21% and a return on equity of 22.07%. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same quarter in the prior year, the business earned $4.09 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts predict that Lear will post 13.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, December 6th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.49%. Lear’s dividend payout ratio (DPR) is currently 16.47%.
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 worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.
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