Deutsche Bank Aktiengesellschaft Increases Lear (NYSE:LEA) Price Target to $143.00

Lear (NYSE:LEAGet Rating) had its price objective increased by investment analysts at Deutsche Bank Aktiengesellschaft from $138.00 to $143.00 in a research report issued to clients and investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 4.83% from the company’s previous close.

LEA has been the topic of a number of other reports. Royal Bank of Canada decreased their target price on Lear from $142.00 to $137.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 2nd. Wells Fargo & Company lowered Lear from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $149.00 to $139.00 in a report on Wednesday, December 14th. Citigroup upped their target price on Lear from $138.00 to $146.00 and gave the stock a “neutral” rating in a report on Friday, January 13th. TheStreet upgraded Lear from a “c+” rating to a “b-” rating in a report on Friday, November 11th. Finally, Morgan Stanley decreased their price objective on Lear from $140.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, November 2nd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $155.00.

Lear Trading Up 1.6 %

LEA opened at $136.41 on Thursday. Lear has a 52 week low of $114.67 and a 52 week high of $176.80. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The stock has a market cap of $8.06 billion, a PE ratio of 35.34, a PEG ratio of 0.29 and a beta of 1.50. The business has a 50 day moving average of $133.71 and a 200-day moving average of $135.18.

Lear (NYSE:LEAGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The auto parts company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.14 by $0.19. Lear had a return on equity of 9.21% and a net margin of 1.14%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.13 billion. Equities research analysts predict that Lear will post 8.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Raymond E. Scott sold 6,142 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $127.59, for a total value of $783,657.78. Following the completion of the sale, the chief executive officer now owns 16,740 shares of the company’s stock, valued at $2,135,856.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Thomas A. Didonato sold 1,300 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $129.03, for a total transaction of $167,739.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Raymond E. Scott sold 6,142 shares of Lear stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $127.59, for a total value of $783,657.78. Following the completion of the sale, the chief executive officer now directly owns 16,740 shares of the company’s stock, valued at approximately $2,135,856.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,970 shares of company stock worth $5,216,989. Insiders own 0.67% of the company’s stock.

Institutional Trading of Lear

Hedge funds have recently bought and sold shares of the company. Capital International Investors increased its stake in shares of Lear by 47.9% during the first quarter. Capital International Investors now owns 3,064,807 shares of the auto parts company’s stock valued at $437,259,000 after buying an additional 993,216 shares during the period. Greenhaven Associates Inc. lifted its holdings in Lear by 412.4% in the second quarter. Greenhaven Associates Inc. now owns 770,210 shares of the auto parts company’s stock valued at $96,962,000 after acquiring an additional 619,900 shares during the period. Pzena Investment Management LLC lifted its holdings in Lear by 6.2% in the third quarter. Pzena Investment Management LLC now owns 6,864,149 shares of the auto parts company’s stock valued at $821,570,000 after acquiring an additional 401,070 shares during the period. Candlestick Capital Management LP purchased a new stake in Lear in the second quarter worth about $37,767,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Lear by 1,201.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 281,416 shares of the auto parts company’s stock worth $33,683,000 after purchasing an additional 259,800 shares in the last quarter. Institutional investors own 99.56% of the company’s stock.

Lear Company Profile

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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.

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