Shares of Lear Co. (NYSE:LEA) have earned a consensus rating of “Hold” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $149.36.
A number of analysts recently commented on LEA shares. Morgan Stanley dropped their target price on shares of Lear from $165.00 to $143.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. KeyCorp dropped their target price on shares of Lear from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, September 30th. Guggenheim started coverage on shares of Lear in a report on Tuesday, October 15th. They issued a “neutral” rating on the stock. TheStreet downgraded shares of Lear from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Finally, Credit Suisse Group dropped their target price on shares of Lear from $155.00 to $130.00 and set a “neutral” rating on the stock in a report on Monday, July 29th.
Shares of NYSE:LEA traded down $0.21 during trading on Monday, reaching $121.94. The company had a trading volume of 239,229 shares, compared to its average volume of 545,337. The firm’s fifty day moving average is $119.58 and its 200 day moving average is $125.49. The firm has a market capitalization of $7.42 billion, a PE ratio of 6.69, a price-to-earnings-growth ratio of 3.61 and a beta of 1.46. Lear has a twelve month low of $105.10 and a twelve month high of $160.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.35.
Hedge funds have recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in shares of Lear during the second quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Lear during the third quarter valued at approximately $47,000. Usca Ria LLC acquired a new stake in shares of Lear during the third quarter valued at approximately $47,000. NEXT Financial Group Inc increased its stake in Lear by 64.8% in the 2nd quarter. NEXT Financial Group Inc now owns 422 shares of the auto parts company’s stock valued at $59,000 after buying an additional 166 shares during the period. Finally, Bartlett & Co. LLC acquired a new position in Lear in the 3rd quarter valued at approximately $71,000. Institutional investors and hedge funds own 90.87% of the company’s stock.
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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