Lear (LEA) Given “Buy” Rating at Cowen

Cowen restated their buy rating on shares of Lear (NYSE:LEA) in a research note published on Friday, January 19th. The firm currently has a $220.00 target price on the auto parts company’s stock.

Other equities research analysts have also issued research reports about the company. KeyCorp boosted their target price on Lear from $180.00 to $184.00 and gave the company a buy rating in a research note on Friday, October 13th. Deutsche Bank boosted their target price on Lear from $167.00 to $176.00 and gave the company a hold rating in a research note on Thursday, October 26th. Zacks Investment Research raised Lear from a hold rating to a buy rating and set a $195.00 target price for the company in a research note on Wednesday, October 18th. Buckingham Research lowered Lear from a buy rating to a neutral rating and set a $175.00 target price for the company. in a research note on Tuesday, September 26th. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised Lear from a sector perform rating to an outperform rating and boosted their target price for the company from $183.00 to $213.00 in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $189.59.

Lear (LEA) traded up $2.60 on Friday, hitting $186.63. The stock had a trading volume of 838,823 shares, compared to its average volume of 687,692. Lear has a 1 year low of $132.01 and a 1 year high of $202.42. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.36 and a quick ratio of 1.09. The stock has a market cap of $12,489.28, a PE ratio of 10.98, a P/E/G ratio of 1.39 and a beta of 1.48.

Lear (NYSE:LEA) last released its earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $0.13. Lear had a return on equity of 30.32% and a net margin of 6.42%. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.27 billion. During the same quarter in the previous year, the company posted $3.80 EPS. Lear’s revenue for the quarter was up 15.5% on a year-over-year basis. research analysts expect that Lear will post 18.87 EPS for the current fiscal year.

In other Lear news, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $179.00, for a total transaction of $142,484.00. Following the completion of the transaction, the senior vice president now owns 40,000 shares of the company’s stock, valued at approximately $7,160,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Terrence B. Larkin sold 1,137 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $177.74, for a total value of $202,090.38. Following the completion of the transaction, the executive vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $1,228,538.88. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Lear by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,409,081 shares of the auto parts company’s stock worth $910,602,000 after acquiring an additional 158,042 shares in the last quarter. Boston Partners raised its position in shares of Lear by 1.4% in the 4th quarter. Boston Partners now owns 1,185,890 shares of the auto parts company’s stock worth $209,499,000 after acquiring an additional 16,426 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Lear by 3.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 951,518 shares of the auto parts company’s stock worth $164,689,000 after acquiring an additional 27,368 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lear by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 933,481 shares of the auto parts company’s stock worth $161,573,000 after acquiring an additional 42,464 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Lear by 12.5% in the 4th quarter. APG Asset Management N.V. now owns 887,521 shares of the auto parts company’s stock worth $130,571,000 after acquiring an additional 98,900 shares in the last quarter. 91.56% of the stock is owned by hedge funds and other institutional investors.

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About Lear

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.

Analyst Recommendations for Lear (NYSE:LEA)

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