Lear Corporation (NYSE:LEA) received a $171.00 target price from equities research analysts at Barclays PLC in a research report issued to clients and investors on Friday. The brokerage presently has a “hold” rating on the auto parts company’s stock. Barclays PLC’s price target would indicate a potential downside of 1.58% from the stock’s current price.
Several other brokerages have also weighed in on LEA. UBS AG lowered Lear Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $158.00 to $182.00 in a research report on Tuesday, October 3rd. Zacks Investment Research raised Lear Corporation from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research report on Wednesday. Jefferies Group LLC started coverage on Lear Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $197.00 price target on the stock. Buckingham Research downgraded Lear Corporation from a “buy” rating to a “neutral” rating and set a $175.00 price target on the stock. in a research note on Tuesday, September 26th. They noted that the move was a valuation call. Finally, KeyCorp raised their price target on Lear Corporation from $180.00 to $184.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $168.87.
Shares of Lear Corporation (NYSE:LEA) opened at 173.74 on Friday. Lear Corporation has a 52 week low of $112.46 and a 52 week high of $177.24. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 11.58 and a beta of 1.35. The stock’s 50 day moving average price is $167.53 and its 200-day moving average price is $149.44.
Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $4.11 by $0.28. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the company earned $3.66 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts anticipate that Lear Corporation will post $16.59 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Lear Corporation (LEA) Given a $171.00 Price Target by Barclays PLC Analysts” was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://transcriptdaily.com/2017/10/22/lear-corporation-lea-given-a-171-00-price-target-by-barclays-plc-analysts.html.
In other Lear Corporation news, Director Henry D. G. Wallace sold 4,139 shares of Lear Corporation stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $166.71, for a total value of $690,012.69. Following the transaction, the director now directly owns 4,100 shares in the company, valued at approximately $683,511. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mel Stephens sold 2,411 shares of Lear Corporation stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $172.88, for a total value of $416,813.68. Following the completion of the transaction, the senior vice president now owns 44,484 shares in the company, valued at $7,690,393.92. The disclosure for this sale can be found here. Insiders sold a total of 9,404 shares of company stock worth $1,601,681 over the last quarter. Company insiders own 0.49% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. grew its stake in shares of Lear Corporation by 6.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 831 shares of the auto parts company’s stock valued at $118,000 after purchasing an additional 48 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Lear Corporation by 10.9% in the 2nd quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock valued at $121,000 after purchasing an additional 84 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Lear Corporation by 30.3% in the 1st quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock valued at $124,000 after purchasing an additional 204 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Lear Corporation in the 2nd quarter valued at approximately $126,000. Finally, Parallel Advisors LLC grew its stake in shares of Lear Corporation by 3.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,117 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 94.21% of the company’s stock.
About Lear Corporation
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.
Receive News & Ratings for Lear Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear Corporation and related companies with MarketBeat.com's FREE daily email newsletter.