Lear Co. (NYSE:LEA) Receives $140.25 Average PT from Analysts

Shares of Lear Co. (NYSE:LEA - Get Free Report) have earned a consensus rating of "Hold" from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and six 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 $140.25.

LEA has been the subject of several recent research reports. Wolfe Research initiated coverage on Lear in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $132.00 target price on shares of Lear in a research note on Tuesday, September 10th. The Goldman Sachs Group dropped their price target on shares of Lear from $144.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday, October 1st. Barclays downgraded shares of Lear from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $140.00 to $120.00 in a research report on Wednesday, October 30th. Finally, Morgan Stanley dropped their target price on Lear from $145.00 to $135.00 and set an "overweight" rating on the stock in a research report on Thursday.

Lear Stock Performance

Lear stock traded down $0.45 during midday trading on Friday, hitting $95.61. 746,923 shares of the company's stock were exchanged, compared to its average volume of 660,106. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.55 and a beta of 1.46. Lear has a 12-month low of $94.29 and a 12-month high of $147.11. The firm's 50 day simple moving average is $103.66 and its 200 day simple moving average is $113.78.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.57 by $0.32. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.52 billion. Lear had a return on equity of 14.68% and a net margin of 2.33%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.87 earnings per share. Equities research analysts predict that Lear will post 12.22 EPS for the current year.

Hedge Funds Weigh In On Lear

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Lear by 70.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock worth $32,000 after purchasing an additional 110 shares in the last quarter. Quarry LP grew its holdings in shares of Lear by 13.8% during the third quarter. Quarry LP now owns 1,105 shares of the auto parts company's stock worth $121,000 after buying an additional 134 shares in the last quarter. Wahed Invest LLC raised its position in shares of Lear by 14.0% in the first quarter. Wahed Invest LLC now owns 1,125 shares of the auto parts company's stock valued at $163,000 after buying an additional 138 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after buying an additional 139 shares during the period. Finally, Wellington Management Group LLP boosted its position in Lear by 4.2% during the third quarter. Wellington Management Group LLP now owns 3,526 shares of the auto parts company's stock worth $385,000 after acquiring an additional 143 shares during the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Lear Company Profile

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.