Lear Receives Average Recommendation of “Buy” from Brokerages (NYSE:LEA)
Lear (NYSE:LEA) has been given a consensus recommendation of “Buy” by the thirteen analysts that are presently covering the company, American Banking News reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $105.42.
LEA has been the subject of a number of recent research reports. Analysts at Credit Suisse initiated coverage on shares of Lear in a research note on Wednesday, August 13th. They set an “outperform” rating and a $114.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Lear from $90.00 to $98.00 in a research note on Monday, August 11th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Lear in a research note on Monday, July 28th. They now have a $117.00 price target on the stock, up previously from $101.00.
Lear (NYSE:LEA) opened at 98.40 on Friday. Lear has a 52 week low of $68.26 and a 52 week high of $100.58. The stock’s 50-day moving average is $94.65 and its 200-day moving average is $86.34. The company has a market cap of $7.894 billion and a P/E ratio of 17.53.
Lear (NYSE:LEA) last issued its quarterly earnings data on Friday, July 25th. The company reported $2.12 earnings per share for the quarter, beating the analysts’ 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 prior year, the company posted $1.62 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. Analysts expect that Lear will post $7.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, September 3rd.
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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