Media coverage about Lear Corporation (NYSE:LEA) has trended somewhat positive on Tuesday, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lear Corporation earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 46.8598358408433 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- Mr. Wonderful Heads To San Francisco For The Benzinga Fintech Summit (feeds.benzinga.com)
- Worried about online fraud? Make sure your financial advisor is ready for a cyber attack (cnbc.com)
- City takes action on demolished Lear Corp. property - WHIZ (whiznews.com)
- ETFs with exposure to Lear Corp. : July 24, 2017 (finance.yahoo.com)
- ‘I’m trimming these names’: See why Kevin O’Leary is pulling back from FANG stocks (cnbc.com)
A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $148.00 target price on shares of Lear Corporation in a research report on Monday, April 10th. BidaskClub downgraded shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Robert W. Baird upgraded shares of Lear Corporation from a “neutral” rating to an “outperform” rating and upped their price target for the company from $160.00 to $161.00 in a research note on Thursday, April 20th. Zacks Investment Research cut shares of Lear Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Guggenheim assumed coverage on shares of Lear Corporation in a research note on Wednesday, June 21st. They set a “buy” rating and a $167.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. Lear Corporation currently has an average rating of “Hold” and an average target price of $146.15.
Lear Corporation (LEA) traded up 1.55% during mid-day trading on Tuesday, reaching $146.26. 672,109 shares of the company’s stock traded hands. The stock has a 50 day moving average of $144.45 and a 200 day moving average of $142.39. The company has a market cap of $10.08 billion, a P/E ratio of 10.18 and a beta of 1.32. Lear Corporation has a 12-month low of $103.37 and a 12-month high of $153.28.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $4.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.95 by $0.32. The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.93 billion. Lear Corporation had a net margin of 5.46% and a return on equity of 32.76%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.40 earnings per share. On average, equities research analysts predict that Lear Corporation will post $16.13 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Friday, June 9th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.39%. Lear Corporation’s payout ratio is currently 13.90%.
In other Lear Corporation news, Director Greg C. Smith sold 2,266 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $145.12, for a total value of $328,841.92. Following the completion of the transaction, the director now directly owns 13,885 shares in the company, valued at $2,014,991.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.
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Lear Corporation Company Profile
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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