Lear Co. (NYSE:LEA - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $93.42 and last traded at $93.76, with a volume of 32839 shares. The stock had previously closed at $95.40.
Analyst Ratings Changes
LEA has been the subject of several analyst reports. Barclays lowered shares of Lear from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $140.00 to $120.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Lear from $162.00 to $160.00 and set an "overweight" rating for the company in a report on Monday, October 21st. Morgan Stanley lowered their target price 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. Wolfe Research initiated coverage on shares of Lear in a report on Thursday, September 5th. They issued a "peer perform" rating for the company. Finally, StockNews.com upgraded shares of Lear from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Lear currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.25.
Get Our Latest Stock Report on Lear
Lear Stock Down 2.6 %
The company has a current ratio of 1.33, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. The firm has a market cap of $5.05 billion, a PE ratio of 9.77, a P/E/G ratio of 0.53 and a beta of 1.46. The business's 50-day simple moving average is $103.13 and its 200 day simple moving average is $113.24.
Lear (NYSE:LEA - Get Free Report) last issued its quarterly earnings data 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. Lear had a net margin of 2.33% and a return on equity of 14.68%. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the previous year, the firm earned $2.87 EPS. The company's quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities research analysts expect that Lear Co. will post 12.19 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of LEA. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Lear by 35.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,995 shares of the auto parts company's stock worth $7,953,000 after purchasing an additional 14,305 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lear by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 6,023,195 shares of the auto parts company's stock worth $872,640,000 after purchasing an additional 109,746 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Lear in the 1st quarter worth approximately $100,000. UniSuper Management Pty Ltd boosted its stake in Lear by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 800 shares of the auto parts company's stock worth $116,000 after purchasing an additional 400 shares in the last quarter. Finally, Shell Asset Management Co. boosted its stake in Lear by 73.6% in the 1st quarter. Shell Asset Management Co. now owns 11,754 shares of the auto parts company's stock worth $1,703,000 after purchasing an additional 4,984 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company's stock.
Lear Company Profile
(
Get Free Report)
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.
See Also
Before you consider Lear, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lear wasn't on the list.
While Lear currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
