Lear (NYSE:LEA) Price Target Raised to $120.00

Lear (NYSE:LEA) had its price target increased by stock analysts at Evercore ISI from $110.00 to $120.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “in-line” rating on the auto parts company’s stock. Evercore ISI’s target price suggests a potential upside of 15.24% from the stock’s current price.

LEA has been the topic of several other reports. UBS Group decreased their price objective on shares of Lear from $109.00 to $106.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Barclays increased their target price on Lear from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. TD Cowen lifted their price target on Lear from $115.00 to $117.00 and gave the stock a “hold” rating in a research note on Monday, November 3rd. The Goldman Sachs Group set a $104.00 price objective on Lear in a report 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Lear currently has an average rating of “Hold” and a consensus price target of $119.60.

Lear Stock Performance

NYSE LEA traded down $0.02 during mid-day trading on Monday, reaching $104.13. 29,117 shares of the stock were exchanged, compared to its average volume of 688,821. The company has a market capitalization of $5.40 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.82 and a beta of 1.38. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34. The business’s 50 day moving average is $103.15 and its 200-day moving average is $100.45. Lear has a 1 year low of $73.85 and a 1 year high of $113.10.

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

Hedge Funds Weigh In On Lear

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in Lear by 1,384.2% during the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 263 shares in the last quarter. WealthCollab LLC acquired a new stake in Lear in the second quarter valued at approximately $28,000. Advisory Services Network LLC acquired a new position in Lear during the 3rd quarter worth approximately $33,000. Quent Capital LLC purchased a new stake in shares of Lear in the 3rd quarter valued at approximately $38,000. Finally, WPG Advisers LLC purchased a new stake in shares of Lear during the 1st quarter worth $39,000. Hedge funds and other institutional investors own 97.04% of the company’s stock.

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.