Lear (NYSE:LEA) Price Target Raised to $117.00 at TD Cowen

Lear (NYSE:LEA) had its price objective hoisted by TD Cowen from $115.00 to $117.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a hold rating on the auto parts company’s stock.

LEA has been the subject of several other reports. Wells Fargo & Company upped their price objective on Lear from $108.00 to $112.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays upped their price objective on Lear from $100.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upped their price objective on Lear from $133.00 to $138.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America downgraded Lear from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $135.00 to $123.00 in a research note on Wednesday, September 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Lear in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $118.10.

Lear Stock Up 3.2%

Lear stock opened at $108.01 on Monday. Lear has a fifty-two week low of $73.85 and a fifty-two week 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 company has a market capitalization of $5.75 billion, a P/E ratio of 12.60, a PEG ratio of 0.82 and a beta of 1.32. The stock has a 50-day simple moving average of $104.17 and a 200-day simple moving average of $98.31.

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

Lear Dividend Announcement

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

Institutional Investors Weigh In On Lear

A number of institutional investors and hedge funds have recently modified their holdings of LEA. IFP Advisors Inc boosted its holdings in shares of Lear by 1,384.2% during the second quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 263 shares during the last quarter. WealthCollab LLC acquired a new position in Lear in the second quarter valued at $28,000. Quent Capital LLC acquired a new position in Lear in the third quarter valued at $38,000. WPG Advisers LLC acquired a new position in Lear in the first quarter valued at $39,000. Finally, Farther Finance Advisors LLC boosted its holdings in Lear by 34.0% in the third quarter. Farther Finance Advisors LLC now owns 422 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 107 shares during the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

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.