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

Lear Co. (NYSE:LEA) has received an average rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $140.25.

A number of research firms have commented on LEA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $132.00 target price on shares of Lear in a research note on Tuesday, September 10th. JPMorgan Chase & Co. decreased their target price on shares of Lear from $162.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company decreased their target price on shares of Lear from $114.00 to $106.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. StockNews.com cut shares of Lear from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wolfe Research initiated coverage on shares of Lear in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock.

Lear Price Performance

Shares of NYSE:LEA opened at $97.89 on Friday. The firm’s 50 day moving average price is $102.64 and its 200-day moving average price is $112.78. Lear has a twelve month low of $92.14 and a twelve month high of $147.11. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $5.32 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 0.52 and a beta of 1.46.

Lear (NYSE:LEA) last issued its quarterly earnings data on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $5.52 billion. During the same quarter in the prior year, the business earned $2.87 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Equities research analysts expect that Lear will post 12.19 EPS for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 11th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, December 11th. Lear’s dividend payout ratio is currently 32.39%.

Hedge Funds Weigh In On Lear

Hedge funds have recently bought and sold shares of the business. Altshuler Shaham Ltd bought a new position in Lear in the 2nd quarter valued at $26,000. Headlands Technologies LLC bought a new position in Lear in the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC grew 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 valued at $32,000 after acquiring an additional 110 shares during the last quarter. Brooklyn Investment Group bought a new position in Lear in the 3rd quarter valued at $34,000. Finally, Blue Trust Inc. grew its position in Lear by 240.4% in the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 214 shares during the last quarter. Institutional investors 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.