Lear Corporation (NYSE:LEA) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $147.60.

A number of equities analysts recently issued reports on the stock. Morgan Stanley downgraded shares of Lear Corporation from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $149.00 to $142.00 in a report on Thursday, June 8th. Barclays PLC raised their price objective on shares of Lear Corporation from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. Zacks Investment Research raised shares of Lear Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub raised shares of Lear Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $157.00 price objective on shares of Lear Corporation in a report on Wednesday, July 12th.

Shares of Lear Corporation (NYSE LEA) opened at 147.51 on Tuesday. Lear Corporation has a 52-week low of $108.29 and a 52-week high of $153.28. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 9.83 and a beta of 1.32. The stock has a 50 day moving average of $144.38 and a 200 day moving average of $142.72.

Lear Corporation (NYSE:LEA) last posted its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.11 by $0.28. The company had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.66 earnings per share. On average, equities research analysts expect that Lear Corporation will post $16.49 EPS for the current year.

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In other news, Director Greg C. Smith sold 2,266 shares of Lear Corporation stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $145.12, for a total transaction of $328,841.92. Following the sale, the director now owns 13,885 shares in the company, valued at $2,014,991.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its stake in Lear Corporation by 23.9% in the first quarter. Toronto Dominion Bank now owns 768 shares of the auto parts company’s stock valued at $109,000 after buying an additional 148 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Lear Corporation by 52.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 783 shares of the auto parts company’s stock valued at $111,000 after buying an additional 270 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in Lear Corporation by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 868 shares of the auto parts company’s stock valued at $123,000 after buying an additional 408 shares during the last quarter. Global X Management Co. LLC boosted its stake in Lear Corporation by 30.3% in the first quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock valued at $124,000 after buying an additional 204 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Lear Corporation by 5.4% in the first quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock valued at $140,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 97.57% of the company’s stock.

Lear Corporation Company Profile

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.

Analyst Recommendations for Lear Corporation (NYSE:LEA)

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