Lear Given Buy Rating at KeyCorp (LEA)
Lear (NYSE:LEA)‘s stock had its “buy” rating restated by investment analysts at KeyCorp in a note issued to investors on Monday. They currently have a $104.00 price target on the stock, up from their previous price target of $97.00. KeyCorp’s target price points to a potential upside of 16.58% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank upgraded shares of Lear from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. They now have a $100.00 price target on the stock, up previously from $95.00. Separately, analysts at Buckingham Research raised their price target on shares of Lear from $92.00 to $105.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Lear from $91.00 to $94.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Lear presently has an average rating of “Buy” and a consensus price target of $95.73.
Shares of Lear (NYSE:LEA) traded up 0.50% on Monday, hitting $89.66. The stock had a trading volume of 249,840 shares. Lear has a 52 week low of $55.81 and a 52 week high of $92.00. The stock’s 50-day moving average is $86.43 and its 200-day moving average is $82.1. The company has a market cap of $7.290 billion and a P/E ratio of 16.68.
Lear (NYSE:LEA) last issued its quarterly earnings data on Friday, April 25th. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.70 by $0.14. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Lear will post $7.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Investors of record on Friday, June 6th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, June 4th.
Lear Corporation is a tier 1 supplier to the global automotive industry. The Company supplies its products to automotive manufacturers with automotive seat systems and related components, as well as electrical distribution systems and related components.
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