Analysts Set Lear Co. (NYSE:LEA) Target Price at $112.09

Lear Co. (NYSE:LEA) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $112.09.

Several brokerages have weighed in on LEA. Wall Street Zen raised shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. TD Cowen downgraded shares of Lear from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a report on Friday, March 7th. Cowen downgraded shares of Lear from a “buy” rating to a “hold” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of Lear from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Citigroup began coverage on shares of Lear in a report on Wednesday, April 23rd. They set a “buy” rating and a $123.00 price target on the stock.

Institutional Investors Weigh In On Lear

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Lear by 2.5% in the first quarter. Vanguard Group Inc. now owns 6,657,389 shares of the auto parts company’s stock worth $587,315,000 after purchasing an additional 165,494 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Lear by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,631,477 shares of the auto parts company’s stock worth $232,145,000 after purchasing an additional 17,250 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Lear by 6.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,358,330 shares of the auto parts company’s stock worth $208,052,000 after purchasing an additional 145,751 shares during the last quarter. First Trust Advisors LP increased its position in Lear by 45.9% in the fourth quarter. First Trust Advisors LP now owns 1,133,186 shares of the auto parts company’s stock worth $107,313,000 after purchasing an additional 356,760 shares during the last quarter. Finally, Lyrical Asset Management LP increased its position in Lear by 0.3% in the first quarter. Lyrical Asset Management LP now owns 1,060,216 shares of the auto parts company’s stock worth $93,532,000 after purchasing an additional 3,522 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

Lear Stock Performance

LEA opened at $88.48 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.49 and a beta of 1.29. The company’s 50 day moving average is $86.01 and its 200 day moving average is $92.27. Lear has a 12-month low of $73.85 and a 12-month high of $126.85.

Lear (NYSE:LEA) last posted its quarterly earnings data on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.48. The company had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.47 billion. Lear had a net margin of 2.17% and a return on equity of 14.70%. The firm’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.18 earnings per share. On average, equities research analysts predict that Lear will post 12.89 EPS for the current year.

Lear Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 5th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, June 5th. Lear’s dividend payout ratio (DPR) is presently 36.11%.

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.