Lear (NYSE:LEA) Given New $110.00 Price Target at Evercore ISI

Lear (NYSE:LEA - Get Free Report) had its target price lowered by equities researchers at Evercore ISI from $125.00 to $110.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the auto parts company's stock. Evercore ISI's price target indicates a potential upside of 14.48% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on Lear from $99.00 to $103.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. TD Cowen cut their target price on Lear from $142.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on Lear from $147.00 to $143.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Bank of America lowered their price target on shares of Lear from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Finally, Morgan Stanley reduced their price objective on shares of Lear from $145.00 to $135.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $127.00.

Lear Stock Performance

Shares of Lear stock traded down $0.26 during midday trading on Monday, hitting $96.08. The company had a trading volume of 340,520 shares, compared to its average volume of 709,146. Lear has a 1-year low of $86.28 and a 1-year high of $147.11. The business's 50 day simple moving average is $95.39 and its two-hundred day simple moving average is $102.42. The stock has a market cap of $5.22 billion, a PE ratio of 10.74, a P/E/G ratio of 0.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.03.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a net margin of 2.17% and a return on equity of 14.70%. As a group, equities analysts predict that Lear will post 13.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in Lear by 187.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock valued at $32,000 after buying an additional 137 shares during the last quarter. Brooklyn Investment Group acquired a new position in Lear during the 3rd quarter worth about $34,000. Blue Trust Inc. grew its holdings in Lear by 240.4% during the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock worth $35,000 after acquiring an additional 214 shares during the last quarter. Finally, Signaturefd LLC increased its position in Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after acquiring an additional 139 shares in the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.

About Lear

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.