Analysts Set Lear Co. (NYSE:LEA) Price Target at $153.56

Shares of Lear Co. (NYSE:LEA - Get Free Report) have been given an average rating of "Moderate Buy" by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $153.56.

LEA has been the subject of several recent research reports. Evercore ISI cut their price target on Lear from $155.00 to $145.00 and set an "in-line" rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. reduced their target price on Lear from $179.00 to $166.00 and set an "overweight" rating for the company in a research report on Monday, July 22nd. Barclays decreased their price target on shares of Lear from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, July 29th. Citigroup reduced their price objective on shares of Lear from $141.00 to $127.00 and set a "neutral" rating for the company in a report on Friday, July 12th. Finally, Bank of America lowered their target price on shares of Lear from $205.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, July 22nd.

Lear Stock Performance

Shares of LEA stock traded up $0.76 during trading hours on Monday, reaching $116.65. 383,100 shares of the company's stock were exchanged, compared to its average volume of 639,177. The business has a fifty day moving average price of $115.78 and a 200-day moving average price of $126.73. The stock has a market capitalization of $6.56 billion, a P/E ratio of 12.72, a P/E/G ratio of 0.38 and a beta of 1.47. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. Lear has a fifty-two week low of $107.25 and a fifty-two week high of $147.57.

Lear (NYSE:LEA - Get Free Report) last released its earnings results on Thursday, July 25th. The auto parts company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.34 by $0.26. Lear had a net margin of 2.30% and a return on equity of 14.75%. The firm had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period in the prior year, the company earned $3.33 EPS. The business's quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Lear will post 12.79 EPS for the current fiscal year.

Lear Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 4th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, September 4th. Lear's payout ratio is 33.59%.

Hedge Funds Weigh In On Lear

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new position in shares of Lear in the second quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Lear during the first quarter valued at approximately $29,000. Riverview Trust Co acquired a new stake in shares of Lear in the first quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its position in Lear by 70.5% in 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 during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Lear during the 1st quarter worth $62,000. Institutional investors and hedge funds own 97.04% of the company's stock.

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.