Lear (NYSE:LEA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Lear (NYSE:LEA) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $108.00 to $112.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 5.01% from the company’s previous close.

A number of other brokerages have also commented on LEA. Barclays boosted their price objective on Lear from $100.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “hold (c)” rating on shares of Lear in a research note on Wednesday, October 8th. Wall Street Zen downgraded Lear from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their target price on Lear from $119.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, The Goldman Sachs Group set a $104.00 target price on Lear in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $118.10.

Lear Stock Performance

Shares of LEA opened at $106.65 on Monday. 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 50 day moving average price of $104.10 and a two-hundred day moving average price of $98.50. The firm has a market capitalization of $5.67 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.82 and a beta of 1.32. Lear has a 52 week low of $73.85 and a 52 week high of $113.10.

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

Hedge Funds Weigh In On Lear

Several institutional investors have recently bought and sold shares of the company. Hunter Perkins Capital Management LLC lifted its stake in Lear by 0.8% in the second quarter. Hunter Perkins Capital Management LLC now owns 13,846 shares of the auto parts company’s stock valued at $1,315,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 107 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Lear by 2.0% during the second quarter. Janney Montgomery Scott LLC now owns 6,158 shares of the auto parts company’s stock worth $585,000 after acquiring an additional 121 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Lear by 2.6% during the second quarter. SummerHaven Investment Management LLC now owns 6,961 shares of the auto parts company’s stock worth $661,000 after acquiring an additional 176 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Lear by 1.2% during the third quarter. Arizona State Retirement System now owns 15,820 shares of the auto parts company’s stock worth $1,592,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors 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.