Lear Corporation (NYSE:LEA) had its price objective boosted by KeyCorp from $180.00 to $184.00 in a report released on Friday. The brokerage presently has a “buy” rating on the auto parts company’s stock. KeyCorp’s target price would suggest a potential upside of 6.78% from the company’s previous close.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Lear Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Guggenheim started coverage on shares of Lear Corporation in a report on Wednesday, June 21st. They issued a “buy” rating and a $167.00 target price on the stock. Robert W. Baird restated a “buy” rating and issued a $178.00 target price on shares of Lear Corporation in a report on Friday, September 1st. BidaskClub lowered shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Bank of America Corporation lowered shares of Lear Corporation from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $135.00 to $110.00 in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $165.64.
Shares of Lear Corporation (LEA) traded up 0.67% during midday trading on Friday, hitting $173.47. 48,376 shares of the stock were exchanged. Lear Corporation has a 12-month low of $110.77 and a 12-month high of $177.24. The firm has a market cap of $11.81 billion, a PE ratio of 11.56 and a beta of 1.35. The firm has a 50-day moving average price of $162.86 and a 200 day moving average price of $148.01.
Lear Corporation (NYSE:LEA) last released its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.11 by $0.28. The company had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.89 billion. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.66 EPS. Analysts predict that Lear Corporation will post $16.56 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Lear Corporation (LEA) Price Target Raised to $184.00 at KeyCorp” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://stocknewstimes.com/2017/10/13/lear-corporation-lea-price-target-raised-to-184-00-at-keycorp.html.
In other Lear Corporation news, Director Jonathan F. Foster sold 2,854 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $173.39, for a total value of $494,855.06. Following the completion of the transaction, the director now owns 7,761 shares in the company, valued at approximately $1,345,679.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Mel Stephens sold 2,411 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $172.88, for a total value of $416,813.68. Following the completion of the transaction, the senior vice president now owns 44,484 shares of the company’s stock, valued at approximately $7,690,393.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,404 shares of company stock valued at $1,601,681. Corporate insiders own 0.49% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEA. Benjamin F. Edwards & Company Inc. boosted its holdings in Lear Corporation by 6.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock worth $118,000 after acquiring an additional 48 shares during the period. Toronto Dominion Bank boosted its holdings in Lear Corporation by 10.9% in the 2nd quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after acquiring an additional 84 shares during the period. Global X Management Co. LLC boosted its holdings in Lear Corporation by 30.3% in the 1st quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock worth $124,000 after acquiring an additional 204 shares during the period. Mountain Capital Investment Advisors Inc purchased a new position in Lear Corporation in the 2nd quarter worth approximately $126,000. Finally, Van ECK Associates Corp boosted its holdings in Lear Corporation by 5.4% in the 1st quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock worth $140,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 94.30% of the company’s stock.
About Lear Corporation
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.
Receive News & Ratings for Lear Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear Corporation and related companies with MarketBeat.com's FREE daily email newsletter.