Research analysts at Longbow Research initiated coverage on shares of Lear (NYSE:LEA) in a report released on Friday, The Fly reports. The firm set a “buy” rating on the auto parts company’s stock.
Other equities research analysts have also recently issued research reports about the company. KeyCorp reissued a “buy” rating and issued a $180.00 price target on shares of Lear in a research note on Sunday, September 17th. Jefferies Group started coverage on Lear in a research note on Thursday, September 28th. They issued a “buy” rating and a $197.00 price target for the company. Zacks Investment Research raised Lear from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Wednesday, October 18th. Cowen reissued a “buy” rating and issued a $196.00 price target on shares of Lear in a research note on Friday, October 27th. Finally, Barclays increased their price target on Lear from $171.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Lear currently has an average rating of “Buy” and an average price target of $175.47.
Lear (LEA) opened at $186.15 on Friday. The company has a market capitalization of $12,580.00, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.09. Lear has a 1 year low of $132.01 and a 1 year high of $186.88.
Lear (NYSE:LEA) last issued its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.16. The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Lear had a return on equity of 31.79% and a net margin of 5.79%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.19 earnings per share. equities research analysts anticipate that Lear will post 16.89 EPS for the current fiscal year.
In related news, SVP Mel Stephens sold 796 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the completion of the sale, the senior vice president now owns 40,000 shares of the company’s stock, valued at $7,160,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terrence B. Larkin sold 1,137 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $177.74, for a total value of $202,090.38. Following the sale, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $1,228,538.88. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its stake in Lear by 10.9% in the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock valued at $121,000 after acquiring an additional 84 shares during the period. Mountain Capital Investment Advisors Inc acquired a new stake in Lear in the second quarter valued at approximately $126,000. Crossmark Global Holdings Inc. acquired a new stake in Lear in the third quarter valued at approximately $210,000. Calamos Advisors LLC acquired a new stake in Lear in the third quarter valued at approximately $216,000. Finally, Systematic Financial Management LP grew its stake in Lear by 144.0% in the second quarter. Systematic Financial Management LP now owns 1,525 shares of the auto parts company’s stock valued at $217,000 after acquiring an additional 900 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.
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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.