Lear Corporation (NYSE:LEA) Receives Consensus Rating of “Hold” from Brokerages

by · The Cerbat Gem

Shares of Lear Corporation (NYSE:LEA – Get Free Report) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $143.0769.

Several equities research analysts have recently commented on LEA shares. Morgan Stanley set a $130.00 target price on shares of Lear in a research report on Monday, May 4th. TD Cowen raised shares of Lear from a “hold” rating to a “buy” rating and raised their target price for the stock from $138.00 to $165.00 in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Lear from $152.00 to $153.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft set a $133.00 target price on shares of Lear in a research report on Monday, May 4th. Finally, Wells Fargo & Company raised their target price on shares of Lear from $126.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th.

View Our Latest Report on LEA

Key Lear News

Here are the key news stories impacting Lear this week:

  • Positive Sentiment: Investor sentiment remains supported by Lear’s strong latest quarterly results, with the company posting $3.87 EPS, topping estimates, and revenue up 4.7% year over year. That suggests the auto parts maker is still executing well and supports the stock’s elevated valuation.
  • Neutral Sentiment: Lear SVP Nicholas Jon Roelli sold 2,336 shares at an average price of $141.38, trimming his direct holdings by about 50%. While insider sales can sometimes weigh on sentiment, this appears to be a relatively small transaction and may be viewed as routine portfolio activity rather than a major red flag. Lear Corporation Insider Sale Report
  • Neutral Sentiment: Several of the other articles in the feed were unrelated to Lear Corporation and do not appear to be driving LEA shares, including coverage of learning/education companies and broader commentary pieces.

Lear Price Performance

Shares of Lear stock opened at $143.38 on Wednesday. The firm has a market cap of $7.18 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. Lear has a 12-month low of $86.14 and a 12-month high of $145.00. The company has a quick ratio of 1.05, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $126.44 and its two-hundred day simple moving average is $121.78.

Lear (NYSE:LEA – Get Free Report) last posted its earnings results on Friday, May 1st. The auto parts company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.51 by $0.36. Lear had a net margin of 2.25% and a return on equity of 13.69%. The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.84 billion. During the same period last year, the company posted $3.12 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that Lear will post 14.61 EPS for the current year.

Lear Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Wednesday, June 3rd will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. Lear’s dividend payout ratio (DPR) is 30.80%.

Insider Transactions at Lear

In related news, SVP Nicholas Jon Roelli sold 2,336 shares of Lear stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $141.38, for a total transaction of $330,263.68. Following the completion of the transaction, the senior vice president directly owned 2,339 shares of the company’s stock, valued at $330,687.82. This trade represents a 49.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of LEA. Jones Financial Companies Lllp lifted its position in Lear by 5,205.1% during the 1st quarter. Jones Financial Companies Lllp now owns 7,268 shares of the auto parts company’s stock valued at $604,000 after acquiring an additional 7,131 shares during the period. United Services Automobile Association purchased a new position in Lear during the 1st quarter valued at about $267,000. Empowered Funds LLC purchased a new position in Lear in the first quarter worth about $256,000. EverSource Wealth Advisors LLC raised its holdings in Lear by 37.1% in the second quarter. EverSource Wealth Advisors LLC now owns 968 shares of the auto parts company’s stock worth $92,000 after buying an additional 262 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Lear by 9.5% in the second quarter. Cerity Partners LLC now owns 4,296 shares of the auto parts company’s stock worth $408,000 after buying an additional 372 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Lear Company Profile

(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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