JPMorgan Chase & Co. Issues Positive Forecast for Lear (NYSE:LEA) Stock Price

Lear (NYSE:LEA) had its target price boosted by JPMorgan Chase & Co. from $119.00 to $133.00 in a report released on Monday,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other equities research analysts have also commented on the company. UBS Group decreased their price target on Lear from $109.00 to $106.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lear in a research report on Wednesday, October 8th. Barclays raised their price target on Lear from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Finally, Bank of America cut shares of Lear from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $135.00 to $123.00 in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $115.00.

Lear Stock Performance

NYSE:LEA opened at $99.19 on Monday. The firm’s fifty day simple moving average is $104.36 and its 200-day simple moving average is $96.45. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.28 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32. Lear has a fifty-two week low of $73.85 and a fifty-two week high of $113.10.

Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, July 25th. The auto parts company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.23 by $0.24. Lear had a net margin of 2.05% and a return on equity of 13.94%. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.89 billion. During the same quarter last year, the business earned $3.60 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Lear has set its FY 2025 guidance at EPS. Analysts expect that Lear will post 12.89 earnings per share for the current fiscal year.

Lear Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Wednesday, September 3rd were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, September 3rd. Lear’s dividend payout ratio (DPR) is currently 35.94%.

Insider Transactions at Lear

In other Lear news, CFO Jason M. Cardew sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $98.47, for a total transaction of $492,350.00. Following the sale, the chief financial officer directly owned 20,244 shares of the company’s stock, valued at $1,993,426.68. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Raymond E. Scott sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $96.77, for a total transaction of $483,850.00. Following the completion of the transaction, the chief executive officer directly owned 38,729 shares of the company’s stock, valued at approximately $3,747,805.33. This represents a 11.43% decrease in their position. The disclosure for this sale can be found here. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Lear

Several hedge funds have recently made changes to their positions in LEA. Wealth Enhancement Advisory Services LLC increased its stake in Lear by 88.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,249 shares of the auto parts company’s stock valued at $640,000 after purchasing an additional 3,409 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Lear during the 1st quarter valued at about $1,463,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Lear during the 1st quarter valued at about $725,000. Voya Investment Management LLC lifted its holdings in shares of Lear by 34.4% during the 1st quarter. Voya Investment Management LLC now owns 45,690 shares of the auto parts company’s stock worth $4,031,000 after acquiring an additional 11,696 shares during the period. Finally, Eagle Global Advisors LLC boosted its position in shares of Lear by 11.5% in the first quarter. Eagle Global Advisors LLC now owns 75,531 shares of the auto parts company’s stock worth $6,663,000 after acquiring an additional 7,800 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

About Lear

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.