RBC Capital Markets set a $157.00 price target on Lear Corporation (NYSE:LEA) in a research report report published on Thursday. The firm currently has a hold rating on the stock.
Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Lear Corporation from a hold rating to a buy rating and set a $136.00 price target for the company in a research report on Tuesday, October 4th. Bank of America Corp lowered shares of Lear Corporation from a neutral rating to an underperform rating and cut their price target for the company from $145.00 to $115.00 in a research report on Wednesday, November 9th. Goldman Sachs Group, Inc. (The) downgraded shares of Lear Corporation from a neutral rating to a sell rating and lowered their price objective for the company from $116.00 to $107.00 in a research note on Thursday, October 6th. Robert W. Baird started coverage on shares of Lear Corporation in a research note on Monday, October 10th. They set a neutral rating and a $133.00 price objective for the company. Finally, Royal Bank Of Canada downgraded shares of Lear Corporation from an outperform rating to a sector perform rating and upped their price objective for the company from $120.00 to $121.00 in a research note on Friday, October 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $134.18.
Shares of Lear Corporation (NYSE:LEA) traded down 1.40% during mid-day trading on Thursday, hitting $142.44. The stock had a trading volume of 577,981 shares. Lear Corporation has a 1-year low of $93.54 and a 1-year high of $148.49. The firm has a market capitalization of $10.00 billion, a price-to-earnings ratio of 10.82 and a beta of 1.26. The stock’s 50-day moving average is $138.01 and its 200 day moving average is $123.00.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings results on Thursday, January 26th. The company reported $3.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.36. Lear Corporation had a net margin of 5.26% and a return on equity of 31.86%. The business earned $4.64 billion during the quarter, compared to analyst estimates of $4.74 billion. During the same period in the prior year, the business posted $3.20 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. Equities research analysts predict that Lear Corporation will post $13.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 9th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Wednesday, December 7th. Lear Corporation’s payout ratio is 9.12%.
In other news, Director Thomas P. Capo sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $131.82, for a total transaction of $131,820.00. Following the sale, the director now owns 2,645 shares in the company, valued at $348,663.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Terrence B. Larkin sold 4,020 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $134.24, for a total transaction of $539,644.80. Following the sale, the executive vice president now owns 16,554 shares in the company, valued at approximately $2,222,208.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,920 shares of company stock worth $1,187,123. Corporate insiders own 0.33% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in Lear Corporation by 164.8% in the third quarter. Advisory Services Network LLC now owns 850 shares of the company’s stock worth $103,000 after buying an additional 529 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of Lear Corporation by 65.9% in the third quarter. Global X Management Co. LLC now owns 934 shares of the company’s stock valued at $113,000 after buying an additional 371 shares in the last quarter. Financial Architects Inc boosted its stake in shares of Lear Corporation by 5,882.4% in the third quarter. Financial Architects Inc now owns 1,017 shares of the company’s stock valued at $123,000 after buying an additional 1,000 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Lear Corporation by 9.4% in the second quarter. Pacer Advisors Inc. now owns 1,509 shares of the company’s stock valued at $154,000 after buying an additional 130 shares in the last quarter. Finally, Evercore Wealth Management LLC boosted its stake in shares of Lear Corporation by 54.3% in the second quarter. Evercore Wealth Management LLC now owns 1,554 shares of the company’s stock valued at $158,000 after buying an additional 547 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.
Lear Corporation Company Profile
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 operates through two segments: seating and electrical.