Barclays Lowers Lear (NYSE:LEA) Price Target to $85.00

Lear (NYSE:LEA - Get Free Report) had its price objective reduced by research analysts at Barclays from $115.00 to $85.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the auto parts company's stock. Barclays's price objective points to a potential upside of 6.95% from the stock's previous close.

A number of other brokerages have also weighed in on LEA. Cowen lowered shares of Lear from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Morgan Stanley lowered their target price on Lear from $135.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Evercore ISI dropped their target price on shares of Lear from $125.00 to $110.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. StockNews.com raised Lear from a "hold" rating to a "buy" rating in a research report on Thursday, December 19th. Finally, UBS Group reduced their price objective on Lear from $102.00 to $83.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $114.27.

Lear Price Performance

LEA traded up $1.97 during trading on Tuesday, reaching $79.48. The stock had a trading volume of 600,138 shares, compared to its average volume of 747,834. Lear has a one year low of $73.85 and a one year high of $138.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.32. The business has a 50-day moving average of $90.40 and a 200-day moving average of $95.17. The stock has a market cap of $4.26 billion, a PE ratio of 8.89, a PEG ratio of 0.49 and a beta of 1.34.

Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. As a group, equities research analysts anticipate that Lear will post 12.89 EPS for the current fiscal year.

Insider Activity at Lear

In other news, Director Rod Lache purchased 2,178 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $91.80 per share, with a total value of $199,940.40. Following the completion of the transaction, the director now owns 2,178 shares in the company, valued at $199,940.40. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Lear

Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company's stock valued at $27,000 after buying an additional 187 shares during the last quarter. Addison Advisors LLC lifted its position in Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company's stock worth $32,000 after buying an additional 137 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Lear by 233.3% during the 4th quarter. UMB Bank n.a. now owns 410 shares of the auto parts company's stock worth $39,000 after acquiring an additional 287 shares during the period. Brooklyn Investment Group boosted its position in shares of Lear by 39.1% during the 4th quarter. Brooklyn Investment Group now owns 427 shares of the auto parts company's stock valued at $40,000 after acquiring an additional 120 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Lear in the third quarter valued at about $50,000. 97.04% of the stock is currently owned by institutional investors and hedge funds.

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.