TD Cowen Lowers Lear (NYSE:LEA) Price Target to $132.00

Lear (NYSE:LEA) had its price objective decreased by equities research analysts at TD Cowen from $133.00 to $132.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the auto parts company’s stock. TD Cowen’s price objective would indicate a potential upside of 10.75% from the stock’s current price.

A number of other equities research analysts have also issued reports on LEA. The Goldman Sachs Group dropped their target price on shares of Lear from $129.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank Of Canada initiated coverage on shares of Lear in a report on Thursday, March 12th. They set a “sector perform” rating and a $135.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lear in a report on Thursday, January 22nd. Bank of America initiated coverage on shares of Lear in a report on Wednesday, March 4th. They set a “neutral” rating for the company. Finally, Wells Fargo & Company lowered their price objective on Lear from $131.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $136.17.

Lear Price Performance

Shares of NYSE LEA opened at $119.19 on Wednesday. The firm has a market cap of $6.03 billion, a PE ratio of 14.62, a PEG ratio of 0.85 and a beta of 1.24. The firm has a fifty day moving average of $125.02 and a 200 day moving average of $115.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.35. Lear has a one year low of $77.22 and a one year high of $142.84.

Lear (NYSE:LEA) last issued its quarterly earnings results on Wednesday, February 4th. The auto parts company reported $3.41 EPS for the quarter, topping the consensus estimate of $2.67 by $0.74. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.78 billion. Lear had a net margin of 1.88% and a return on equity of 13.40%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 EPS. As a group, research analysts predict that Lear will post 12.89 EPS for the current fiscal year.

Insider Activity

In related news, SVP Harry Albert Kemp sold 7,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $136.31, for a total value of $954,170.00. Following the completion of the sale, the senior vice president owned 17,423 shares of the company’s stock, valued at approximately $2,374,929.13. This represents a 28.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Marianne Vidershain sold 1,590 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $135.00, for a total transaction of $214,650.00. Following the completion of the sale, the vice president directly owned 1,862 shares of the company’s stock, valued at $251,370. This represents a 46.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 25,264 shares of company stock worth $3,400,687. Company insiders own 1.02% of the company’s stock.

Hedge Funds Weigh In On Lear

A number of hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its stake in Lear by 15.0% during the fourth quarter. UMB Bank n.a. now owns 676 shares of the auto parts company’s stock worth $77,000 after buying an additional 88 shares during the period. Inspire Advisors LLC boosted its stake in Lear by 4.5% during the fourth quarter. Inspire Advisors LLC now owns 2,147 shares of the auto parts company’s stock worth $246,000 after buying an additional 92 shares during the period. Pallas Capital Advisors LLC boosted its stake in Lear by 4.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 2,389 shares of the auto parts company’s stock worth $274,000 after buying an additional 99 shares during the period. Allworth Financial LP boosted its stake in Lear by 32.0% during the fourth quarter. Allworth Financial LP now owns 408 shares of the auto parts company’s stock worth $47,000 after buying an additional 99 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Lear by 34.0% during the third quarter. Farther Finance Advisors LLC now owns 422 shares of the auto parts company’s stock worth $42,000 after buying an additional 107 shares during the period. 97.04% of the stock is currently owned by hedge funds and other institutional investors.

Lear News Roundup

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear’s February quarter beat consensus — EPS of $3.41 vs. $2.67 expected and revenue of $5.99B vs. $5.78B — which supports valuation and investor confidence after the report. MarketBeat Lear Summary
• Positive Sentiment: Trading activity is elevated vs. average volume (655,930 vs. avg ~570k), indicating stronger investor interest and helping push the stock higher; technicals show the share price sits below the 50‑day SMA but near the 200‑day SMA, a setup that can attract buyers. MarketBeat Lear Summary
• Neutral Sentiment: TD Cowen trimmed its price target slightly from $133 to $132 and maintained a “hold” rating — a modest change that signals limited near‑term upside from this analyst but isn’t a major downgrade. TickerReport: TD Cowen
• Negative Sentiment: UBS lowered its expectations for Lear’s stock price, which is a headwind for sentiment and could cap upside if other brokers follow. AmericanBankingNews: UBS Lowers Expectations

Lear Company Profile

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.