Lear (LEA) Earns “Hold” Rating from Barclays

Lear (NYSE:LEA)‘s stock had its “hold” rating reissued by equities research analysts at Barclays in a research report issued on Sunday. They presently have a $200.00 price target on the auto parts company’s stock. Barclays’ price objective would indicate a potential upside of 4.61% from the company’s previous close.

A number of other research analysts also recently issued reports on LEA. Cowen started coverage on Lear in a report on Monday, September 25th. They issued an “outperform” rating and a $195.00 price target on the stock. Buckingham Research downgraded Lear from a “buy” rating to a “neutral” rating and set a $175.00 price target on the stock. in a report on Tuesday, September 26th. They noted that the move was a valuation call. Jefferies Group started coverage on Lear in a report on Thursday, September 28th. They issued a “buy” rating and a $197.00 price target on the stock. UBS Group downgraded Lear from a “buy” rating to a “neutral” rating and lifted their price target for the company from $158.00 to $182.00 in a report on Tuesday, October 3rd. Finally, KeyCorp lifted their price target on Lear from $180.00 to $184.00 and gave the company a “buy” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $182.56.

Shares of Lear (NYSE LEA) traded up $0.13 during trading hours on Friday, hitting $191.18. The stock had a trading volume of 457,021 shares, compared to its average volume of 510,831. Lear has a twelve month low of $132.01 and a twelve month high of $193.12. The stock has a market cap of $12,920.00, a P/E ratio of 11.69, a PEG ratio of 1.51 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 (NYSE:LEA) last announced its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.80 by $0.16. Lear had a return on equity of 31.79% and a net margin of 5.79%. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same period last year, the business posted $3.19 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. sell-side analysts forecast that Lear will post 16.88 EPS for the current fiscal year.

In related news, EVP Terrence B. Larkin sold 1,137 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $177.74, for a total transaction of $202,090.38. Following the transaction, the executive vice president now directly owns 6,912 shares in the company, valued at approximately $1,228,538.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Mel Stephens sold 796 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total value of $142,484.00. Following the transaction, the senior vice president now owns 40,000 shares in the company, valued at $7,160,000. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its stake in Lear by 218.1% during the 4th quarter. State of Alaska Department of Revenue now owns 8,474 shares of the auto parts company’s stock valued at $1,495,000 after purchasing an additional 5,810 shares during the last quarter. BKD Wealth Advisors LLC grew its stake in Lear by 15.8% during the 4th quarter. BKD Wealth Advisors LLC now owns 2,745 shares of the auto parts company’s stock valued at $485,000 after purchasing an additional 374 shares during the last quarter. Gateway Investment Advisers LLC purchased a new stake in Lear during the 4th quarter valued at about $278,000. Nisa Investment Advisors LLC grew its stake in Lear by 83.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 9,166 shares of the auto parts company’s stock valued at $1,619,000 after purchasing an additional 4,166 shares during the last quarter. Finally, Copper Rock Capital Partners LLC grew its stake in Lear by 40.4% during the 4th quarter. Copper Rock Capital Partners LLC now owns 67,374 shares of the auto parts company’s stock valued at $12,100,000 after purchasing an additional 19,371 shares during the last quarter. Institutional investors and hedge funds own 91.73% of the company’s stock.

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About Lear

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 (NYSE:LEA)

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