Lear (LEA) Given Hold Rating at Barclays

Barclays reiterated their hold rating on shares of Lear (NYSE:LEA) in a research report report published on Sunday. Barclays currently has a $200.00 target price on the auto parts company’s stock.

LEA has been the topic of several other research reports. Zacks Investment Research raised shares of Lear from a hold rating to a buy rating and set a $195.00 target price on the stock in a report on Wednesday, October 18th. Jefferies Group assumed coverage on shares of Lear in a report on Thursday, September 28th. They issued a buy rating and a $197.00 target price on the stock. KeyCorp raised their target price on shares of Lear from $180.00 to $184.00 and gave the company a buy rating in a report on Friday, October 13th. ValuEngine raised shares of Lear from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, UBS Group cut shares of Lear from a buy rating to a neutral rating and raised their target price for the company from $158.00 to $182.00 in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $182.56.

Shares of Lear (NYSE:LEA) traded up $0.21 during trading hours on Friday, reaching $191.18. 457,000 shares of the company traded hands, compared to its average volume of 615,885. The firm has a market capitalization of $12,790.00, a PE ratio of 11.69, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. Lear has a 52-week low of $132.01 and a 52-week high of $193.12. The company has a current ratio of 1.34, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48.

Lear (NYSE:LEA) last issued its earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.16. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Lear had a net margin of 5.79% and a return on equity of 31.79%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.19 earnings per share. research analysts predict that Lear will post 16.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Friday, December 8th were paid a $0.50 dividend. The ex-dividend date was Thursday, December 7th. This represents a $2.00 annualized dividend and a yield of 1.05%. Lear’s dividend payout ratio is currently 12.22%.

In other news, EVP Terrence B. Larkin sold 1,137 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $177.74, for a total transaction of $202,090.38. Following the transaction, the executive vice president now directly owns 6,912 shares in the company, valued at $1,228,538.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Mel Stephens sold 796 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the transaction, the senior vice president now owns 40,000 shares in the company, valued at $7,160,000. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank grew its position in shares of Lear by 10.9% during the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after acquiring an additional 84 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Lear during the second quarter worth $126,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Lear during the third quarter worth $210,000. Calamos Advisors LLC acquired a new stake in shares of Lear during the third quarter worth $216,000. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in shares of Lear during the third quarter worth $254,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Lear (LEA) Given Hold Rating at Barclays” was first published by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.thestockobserver.com/2018/01/22/lear-lea-given-hold-rating-at-barclays.html.

About Lear

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

Analyst Recommendations for Lear (NYSE:LEA)

Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply