Lear Corporation (NYSE:LEA) has been given a consensus broker rating score of 2.43 (Buy) from the fourteen analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has given a sell rating, six have assigned a hold rating, one has assigned a buy rating and five have assigned a strong buy rating to the company. Lear Corporation’s rating score has improved by 2.8% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price target of $176.58 for the company and are anticipating that the company will post $4.27 EPS for the current quarter, according to Zacks. Zacks has also given Lear Corporation an industry rank of 70 out of 265 based on the ratings given to related companies.
A number of research analysts recently commented on LEA shares. Guggenheim lowered shares of Lear Corporation from a “buy” rating to a “neutral” rating and set a $167.00 price target on the stock. in a research note on Thursday, October 26th. Barclays PLC set a $171.00 price target on shares of Lear Corporation and gave the company a “hold” rating in a research note on Friday, October 20th. UBS AG lowered shares of Lear Corporation from a “buy” rating to a “neutral” rating and upped their price target for the company from $158.00 to $182.00 in a research note on Tuesday, October 3rd. Jefferies Group LLC started coverage on shares of Lear Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $197.00 price target on the stock. Finally, Robert W. Baird reiterated a “buy” rating and issued a $178.00 price target on shares of Lear Corporation in a research note on Friday, September 1st.
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In other news, Director Henry D. G. Wallace sold 4,139 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $166.71, for a total transaction of $690,012.69. Following the completion of the sale, the director now owns 4,100 shares of the company’s stock, valued at approximately $683,511. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan F. Foster sold 2,854 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $173.39, for a total transaction of $494,855.06. Following the sale, the director now directly owns 7,761 shares of the company’s stock, valued at approximately $1,345,679.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,404 shares of company stock valued at $1,601,681. 0.49% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the stock. Anchor Bolt Capital LP lifted its stake in Lear Corporation by 10.2% in the 3rd quarter. Anchor Bolt Capital LP now owns 481,895 shares of the auto parts company’s stock valued at $83,406,000 after purchasing an additional 44,474 shares during the last quarter. Simcoe Capital Management LLC bought a new position in Lear Corporation in the 3rd quarter valued at approximately $10,874,000. AMP Capital Investors Ltd lifted its stake in Lear Corporation by 11.1% in the 3rd quarter. AMP Capital Investors Ltd now owns 68,119 shares of the auto parts company’s stock valued at $11,789,000 after purchasing an additional 6,807 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Lear Corporation by 3.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 951,518 shares of the auto parts company’s stock valued at $164,689,000 after purchasing an additional 27,368 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Lear Corporation by 5.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 10,256 shares of the auto parts company’s stock valued at $1,776,000 after purchasing an additional 550 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.
Lear Corporation (NYSE:LEA) opened at $174.36 on Monday. Lear Corporation has a 52 week low of $119.47 and a 52 week high of $178.80. The firm has a market cap of $11,852.18, a PE ratio of 10.68, a PEG ratio of 1.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.34.
Lear Corporation (NYSE:LEA) last announced its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $3.96 EPS for the quarter, beating the Zacks’ consensus estimate of $3.80 by $0.16. Lear Corporation had a net margin of 5.79% and a return on equity of 31.79%. The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the prior year, the business earned $3.19 EPS. Lear Corporation’s quarterly revenue was up 10.1% on a year-over-year basis. research analysts predict that Lear Corporation will post 16.84 earnings per share for the current fiscal year.
About Lear Corporation
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.
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