Lear (NYSE:LEA – Get Free Report) had its price target raised by research analysts at Wells Fargo & Company from $133.00 to $137.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 0.27% from the company’s current price.
Several other brokerages have also recently commented on LEA. Weiss Ratings upgraded shares of Lear from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Lear from $152.00 to $153.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Morgan Stanley set a $130.00 target price on Lear in a report on Monday, May 4th. The Goldman Sachs Group boosted their target price on Lear from $115.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Barclays increased their price target on Lear from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.38.
Get Our Latest Analysis on LEA
Lear Price Performance
Lear (NYSE:LEA – Get Free Report) last released its earnings results on Friday, May 1st. The auto parts company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.51 by $0.36. Lear had a net margin of 2.25% and a return on equity of 13.69%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.84 billion. During the same quarter in the previous year, the firm earned $3.12 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts expect that Lear will post 14.61 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Conrad L. Mallett, Jr. sold 190 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $141.34, for a total transaction of $26,854.60. Following the completion of the sale, the director directly owned 1,683 shares of the company’s stock, valued at approximately $237,875.22. This trade represents a 10.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason M. Cardew sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $147.50, for a total value of $737,500.00. Following the transaction, the chief financial officer owned 13,241 shares of the company’s stock, valued at approximately $1,953,047.50. The trade was a 27.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 12,026 shares of company stock valued at $1,729,748. Insiders own 1.02% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LEA. Altshuler Shaham Ltd bought a new stake in Lear during the 4th quarter valued at about $25,000. WealthCollab LLC purchased a new position in shares of Lear during the second quarter worth approximately $28,000. Los Angeles Capital Management LLC purchased a new position in shares of Lear during the fourth quarter worth approximately $30,000. Allworth Financial LP raised its stake in shares of Lear by 62.6% during the third quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Lear by 942.3% during the fourth quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.
Lear News Summary
Here are the key news stories impacting Lear this week:
- Positive Sentiment: Lear beat earnings expectations in its latest quarter, with EPS of $3.87 versus consensus of $3.51, which can support investor confidence in the stock.
- Positive Sentiment: Quarterly revenue rose 4.7% year over year, suggesting the company is still growing despite a challenging industry environment.
- Positive Sentiment: Analysts currently expect full-year EPS of $14.61, and the stock’s valuation remains modest relative to earnings, which may appeal to value-oriented investors.
- Neutral Sentiment: Several of the latest headlines in the news feed focus on AI, politics, crypto, and cybersecurity rather than Lear’s business, so they are unlikely to be a direct driver of LEA shares.
- Neutral Sentiment: The company recently traded above both its 50-day and 200-day moving averages, indicating a constructive technical setup, though the provided articles do not add new company-specific catalysts.
Lear Company Profile
Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.
The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.
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