Lear (NYSE:LEA) Price Target Lowered to $115.00 at Barclays

Lear (NYSE:LEA) had its price objective reduced by equities researchers at Barclays from $120.00 to $115.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s price target suggests a potential upside of 21.12% from the company’s current price.

A number of other analysts have also recently commented on LEA. Morgan Stanley dropped their price target on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. TD Cowen decreased their target price on shares of Lear from $142.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on shares of Lear from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Lear from $162.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $133.73.

Lear Price Performance

LEA stock traded down $1.56 during mid-day trading on Wednesday, hitting $94.95. 96,380 shares of the stock were exchanged, compared to its average volume of 557,719. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03. The business has a fifty day moving average price of $96.05 and a 200 day moving average price of $104.98. Lear has a 12 month low of $90.03 and a 12 month high of $147.11. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.49 and a beta of 1.43.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.32. Lear had a return on equity of 14.68% and a net margin of 2.33%. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the previous year, the business earned $2.87 EPS. Lear’s revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Lear will post 12.01 EPS for the current year.

Institutional Investors Weigh In On Lear

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after buying an additional 110 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Lear by 187.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after buying an additional 187 shares during the last quarter. Blue Trust Inc. grew its position in shares of Lear by 240.4% in the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after buying an additional 214 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Lear during the 3rd quarter worth $34,000. Finally, Signaturefd LLC boosted its stake in Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 139 shares during the period. 97.04% of the stock is 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 in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.