Lear (NYSE:LEA) Price Target Raised to $136.00 at Citigroup

Lear (NYSE:LEA - Get Free Report) had its target price raised by research analysts at Citigroup from $123.00 to $136.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the auto parts company's stock. Citigroup's target price indicates a potential upside of 43.23% from the stock's current price.

Several other equities research analysts also recently issued reports on LEA. Wells Fargo & Company increased their target price on Lear from $89.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen raised Lear from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays lowered Lear from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. The Goldman Sachs Group set a $88.00 price target on shares of Lear and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, TD Cowen lowered shares of Lear from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Lear currently has an average rating of "Hold" and a consensus target price of $108.27.

Lear Stock Performance

NYSE LEA traded up $0.63 on Monday, hitting $94.95. 995,029 shares of the stock traded hands, compared to its average volume of 712,155. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.32. The business's fifty day moving average is $89.85 and its two-hundred day moving average is $91.46. Lear has a 12 month low of $73.85 and a 12 month high of $126.85. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.53 and a beta of 1.29.

Lear (NYSE:LEA - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The auto parts company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $0.48. The business had revenue of $5.56 billion for the quarter, compared to analysts' expectations of $5.47 billion. Lear had a return on equity of 14.53% and a net margin of 2.09%. The firm's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.18 EPS. As a group, equities analysts anticipate that Lear will post 12.89 EPS for the current fiscal year.

Insider Transactions at Lear

In other Lear news, Director Conrad L. Mallett, Jr. sold 1,187 shares of Lear stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $92.86, for a total transaction of $110,224.82. Following the transaction, the director directly owned 84 shares of the company's stock, valued at approximately $7,800.24. This trade represents a 93.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lear

A number of large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group purchased a new position in shares of Lear in the fourth quarter worth $90,700,000. Oldfield Partners LLP purchased a new position in shares of Lear in the first quarter valued at about $53,799,000. Massachusetts Financial Services Co. MA raised its position in Lear by 29.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,212,579 shares of the auto parts company's stock valued at $209,531,000 after purchasing an additional 498,918 shares during the last quarter. AQR Capital Management LLC lifted its position 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 worth $49,625,000 after purchasing an additional 470,096 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Lear by 7.4% in the fourth quarter. Vanguard Group Inc. now owns 6,491,895 shares of the auto parts company's stock worth $614,782,000 after buying an additional 447,835 shares during the period. 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.