Shares of Lear Corporation (NYSE:LEA - Get Free Report) have received a consensus rating of "Hold" from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $145.2308.
Several research analysts have weighed in on the company. TD Cowen upgraded Lear from a "hold" rating to a "buy" rating and lifted their target price for the company from $138.00 to $165.00 in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft set a $131.00 price target on Lear in a research note on Monday, August 3rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $140.00 price target on shares of Lear in a report on Saturday, August 1st. JPMorgan Chase & Co. lifted their price objective on shares of Lear from $153.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Finally, Weiss Ratings raised shares of Lear from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday.
Read Our Latest Stock Analysis on LEA
Key Lear News
Here are the key news stories impacting Lear this week:
- Positive Sentiment: Lear’s previously reported results remain supportive: the company exceeded quarterly EPS and revenue expectations, with revenue up year over year. However, those results predate the current news window and do not explain today’s trading.
- Neutral Sentiment: The recent headlines concern unrelated companies and topics, including KinderCare, JOYY, Revolut, artificial-intelligence education, and commentary from Kevin O’Leary. None appears relevant to Lear’s automotive-seating and electrical-systems businesses.
- Negative Sentiment: With no fresh Lear-specific catalyst identified, the decrease in LEA may reflect broader automotive-sector sentiment, routine technical trading, or investor positioning. The stock is also trading below its reported 50-day and 200-day moving averages, which can weigh on near-term sentiment.
Lear Price Performance
Shares of NYSE:LEA opened at $123.44 on Friday. Lear has a one year low of $96.04 and a one year high of $150.33. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.60 and a beta of 1.25. The company has a 50-day simple moving average of $132.61 and a 200-day simple moving average of $131.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.04 and a current ratio of 1.31.
Lear (NYSE:LEA - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The auto parts company reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.98 by $0.30. The firm had revenue of $6.21 billion for the quarter, compared to analyst estimates of $6.15 billion. Lear had a return on equity of 14.18% and a net margin of 2.35%.The business's revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $3.06 earnings per share. On average, analysts predict that Lear will post 14.86 EPS for the current year.
Lear Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Wednesday, September 2nd will be issued a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $3.08 annualized dividend and a dividend yield of 2.5%. Lear's payout ratio is presently 28.70%.
Insider Transactions at Lear
In other Lear news, CFO Jason M. Cardew sold 5,000 shares of Lear stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $147.50, for a total value of $737,500.00. Following the sale, the chief financial officer owned 13,241 shares of the company's stock, valued at approximately $1,953,047.50. The trade was a 27.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Raymond E. Scott sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $135.37, for a total value of $6,768,500.00. Following the transaction, the chief executive officer owned 49,789 shares in the company, valued at $6,739,936.93. The trade was a 50.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 61,336 shares of company stock worth $8,367,727 over the last ninety days. 1.02% of the stock is currently owned by company insiders.
Institutional Trading of Lear
Several hedge funds have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Lear during the second quarter worth $4,029,000. California State Teachers Retirement System raised its position in Lear by 12,951.3% in the second quarter. California State Teachers Retirement System now owns 7,843,046 shares of the auto parts company's stock worth $1,051,439,000 after acquiring an additional 7,782,952 shares in the last quarter. HB Wealth Management LLC lifted its holdings in Lear by 47.1% in the second quarter. HB Wealth Management LLC now owns 2,560 shares of the auto parts company's stock valued at $343,000 after acquiring an additional 820 shares during the period. Syon Capital LLC boosted its position in shares of Lear by 13.0% during the 2nd quarter. Syon Capital LLC now owns 2,467 shares of the auto parts company's stock worth $331,000 after purchasing an additional 284 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Lear during the 2nd quarter worth $208,000. 97.04% of the stock is owned by institutional investors and hedge funds.
About Lear
(
Get Free Report)
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.
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