UBS Group Lowers Lear (NYSE:LEA) Price Target to $158.00

Lear (NYSE:LEA) had its price target dropped by equities researchers at UBS Group from $172.00 to $158.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. UBS Group’s price target indicates a potential upside of 22.57% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday. Longbow Research reiterated a “buy” rating and issued a $190.00 target price on shares of Lear in a research note on Sunday, June 30th. Argus initiated coverage on Lear in a research note on Thursday, March 28th. They issued a “hold” rating on the stock. Royal Bank of Canada restated a “hold” rating and set a $136.00 price objective on shares of Continental in a research note on Wednesday. Finally, Morgan Stanley set a $12.00 price objective on shares of Adient and gave the company a “sell” rating in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Lear presently has an average rating of “Hold” and a consensus price target of $164.75.

Shares of LEA opened at $128.91 on Wednesday. The stock’s fifty day moving average price is $133.77. Lear has a 12-month low of $114.45 and a 12-month high of $191.73. The company has a market capitalization of $7.94 billion, a PE ratio of 7.08, a PEG ratio of 3.01 and a beta of 1.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.34 and a quick ratio of 1.10.



Lear (NYSE:LEA) last announced its quarterly earnings data on Friday, April 26th. The auto parts company reported $4.00 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.06 by ($0.06). Lear had a return on equity of 25.28% and a net margin of 4.94%. The firm had revenue of $5.16 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the business earned $5.10 earnings per share. The business’s revenue for the quarter was down 10.0% compared to the same quarter last year. Sell-side analysts predict that Lear will post 17.23 EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC acquired a new position in Lear during the first quarter worth about $28,000. Pinnacle Bank acquired a new position in Lear during the fourth quarter worth about $31,000. NEXT Financial Group Inc grew its holdings in Lear by 64.8% during the second quarter. NEXT Financial Group Inc now owns 422 shares of the auto parts company’s stock worth $59,000 after acquiring an additional 166 shares during the period. Quadrant Capital Group LLC grew its holdings in Lear by 78.2% during the first quarter. Quadrant Capital Group LLC now owns 531 shares of the auto parts company’s stock worth $69,000 after acquiring an additional 233 shares during the period. Finally, Advisory Services Network LLC grew its holdings in Lear by 25.1% during the fourth quarter. Advisory Services Network LLC now owns 877 shares of the auto parts company’s stock worth $108,000 after acquiring an additional 176 shares during the period. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.

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Analyst Recommendations for Lear (NYSE:LEA)

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