Lear Corporation (NYSE:LEA) Receives $115.00 Average PT from Analysts

Lear Corporation (NYSE:LEA) has been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $118.10.

LEA has been the topic of several research analyst reports. TD Cowen lifted their price objective on shares of Lear from $115.00 to $117.00 and gave the stock a “hold” rating in a research report on Monday. The Goldman Sachs Group set a $104.00 price objective on shares of Lear in a research report on Monday, September 29th. Citigroup restated a “neutral” rating on shares of Lear in a report on Tuesday, October 14th. Wall Street Zen cut shares of Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, UBS Group lowered their price target on shares of Lear from $109.00 to $106.00 and set a “neutral” rating on the stock in a report on Monday, October 6th.

Hedge Funds Weigh In On Lear

Institutional investors and hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group lifted its stake in shares of Lear by 75.6% in the 2nd quarter. Schroder Investment Management Group now owns 1,801,284 shares of the auto parts company’s stock valued at $171,086,000 after purchasing an additional 775,476 shares during the last quarter. Oldfield Partners LLP acquired a new stake in shares of Lear in the 1st quarter valued at $53,799,000. American Century Companies Inc. lifted its stake in shares of Lear by 78.6% in the 2nd quarter. American Century Companies Inc. now owns 1,269,500 shares of the auto parts company’s stock valued at $120,577,000 after purchasing an additional 558,538 shares during the last quarter. Norges Bank acquired a new stake in shares of Lear in the 2nd quarter valued at $48,468,000. Finally, AQR Capital Management LLC lifted its stake in shares of Lear by 483.4% in the 1st quarter. AQR Capital Management LLC now owns 567,335 shares of the auto parts company’s stock valued at $49,625,000 after purchasing an additional 470,096 shares during the last quarter. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Lear Trading Up 3.2%

NYSE LEA opened at $108.01 on Friday. Lear has a twelve month low of $73.85 and a twelve month high of $113.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.34. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 12.60, a PEG ratio of 0.82 and a beta of 1.32. The firm’s 50 day moving average price is $104.17 and its two-hundred day moving average price is $98.31.

Lear (NYSE:LEA) last posted its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.03. Lear had a net margin of 2.05% and a return on equity of 13.94%. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.63 billion. During the same period in the previous year, the company posted $2.89 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. Lear has set its FY 2025 guidance at EPS. Equities analysts anticipate that Lear will post 12.89 EPS for the current year.

Lear Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Wednesday, September 3rd were issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 3rd. Lear’s payout ratio is currently 37.65%.

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.