Share on StockTwits

JPMorgan Chase & Co. boosted their price objective on shares of Lear (NYSE:LEA) from $105.00 to $108.00 in a research note issued on Monday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 9.09% from the stock’s previous close.

Lear (NYSE:LEA) traded down 1.11% on Monday, hitting $97.90. The stock had a trading volume of 238,729 shares. Lear has a 52 week low of $66.98 and a 52 week high of $100.58. The stock has a 50-day moving average of $91.74 and a 200-day moving average of $84.4. The company has a market cap of $7.854 billion and a P/E ratio of 17.87. Lear also was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 536,072 shares, a decline of 43.2% from the June 13th total of 944,535 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 935,828 shares, the days-to-cover ratio is presently 0.6 days.

Lear (NYSE:LEA) last released its earnings data on Friday, July 25th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.16. The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that Lear will post $7.77 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on LEA. Analysts at Deutsche Bank downgraded shares of Lear from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $103.00 price target on the stock, up previously from $100.00. Separately, analysts at Goldman Sachs cut their price target on shares of Lear from $108.00 to $107.00 in a research note on Monday, July 14th. Finally, analysts at Barclays upgraded shares of Lear from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 14th. They now have a $113.00 price target on the stock, up previously from $93.00. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Lear currently has an average rating of “Buy” and an average target price of $99.82.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.