Brokerages Set Lear Co. (NYSE:LEA) PT at $140.25

Shares of Lear Co. (NYSE:LEA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $140.25.

A number of equities research analysts have issued reports on the company. Barclays cut Lear from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $140.00 to $120.00 in a research note on Wednesday, October 30th. Bank of America cut their price target on Lear from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Morgan Stanley decreased their price objective on Lear from $145.00 to $135.00 and set an "overweight" rating for the company in a report on Thursday, November 14th. Wolfe Research assumed coverage on Lear in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $132.00 price target on shares of Lear in a report on Tuesday, September 10th.

Lear Stock Down 0.8 %

Shares of Lear stock traded down $0.80 during trading on Wednesday, reaching $101.82. The company had a trading volume of 942,887 shares, compared to its average volume of 666,779. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33. Lear has a fifty-two week low of $92.14 and a fifty-two week high of $147.11. The firm's fifty day moving average is $100.49 and its 200-day moving average is $110.06. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.59 and a beta of 1.45.

Lear (NYSE:LEA - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 EPS for the quarter, beating the consensus estimate of $2.57 by $0.32. The business had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.52 billion. Lear had a net margin of 2.33% and a return on equity of 14.68%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.87 EPS. On average, analysts anticipate that Lear will post 12.01 EPS for the current year.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Wednesday, December 11th. Lear's dividend payout ratio is presently 32.39%.

Institutional Investors Weigh In On Lear

Several hedge funds have recently modified their holdings of LEA. Altshuler Shaham Ltd acquired a new stake in Lear during the 2nd quarter worth about $26,000. EverSource Wealth Advisors LLC lifted its position in shares of Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company's stock valued at $32,000 after acquiring an additional 110 shares in the last quarter. Blue Trust Inc. boosted its stake in Lear by 240.4% in the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company's stock worth $35,000 after purchasing an additional 214 shares during the period. Brooklyn Investment Group purchased a new position in Lear during the 3rd quarter worth approximately $34,000. Finally, Signaturefd LLC raised its stake in Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company's stock valued at $36,000 after purchasing an additional 139 shares during the period. 97.04% of the stock is 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.