Barclays PLC set a $171.00 target price on Lear Corporation (NYSE:LEA) in a report issued on Friday morning. The firm currently has a hold rating on the auto parts company’s stock.

A number of other brokerages also recently commented on LEA. Robert W. Baird restated a buy rating and set a $178.00 target price on shares of Lear Corporation in a report on Friday, September 1st. Zacks Investment Research downgraded Lear Corporation from a hold rating to a sell rating in a report on Wednesday, July 5th. Buckingham Research downgraded Lear Corporation from a buy rating to a neutral rating and set a $175.00 target price for the company. in a report on Tuesday, September 26th. They noted that the move was a valuation call. BidaskClub upgraded Lear Corporation from a hold rating to a buy rating in a report on Friday, August 25th. Finally, Cowen and Company initiated coverage on Lear Corporation in a report on Monday, September 25th. They set an outperform rating and a $195.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have issued 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.

Lear Corporation (NYSE LEA) traded up 0.70% on Friday, reaching $173.74. 335,497 shares of the company’s stock traded hands. The firm’s 50-day moving average is $167.53 and its 200 day moving average is $149.44. Lear Corporation has a 12 month low of $112.46 and a 12 month high of $177.24. The firm has a market cap of $11.83 billion, a PE ratio of 11.58 and a beta of 1.35.

Lear Corporation (NYSE:LEA) last announced its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.11 by $0.28. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.66 earnings per share. Equities analysts predict that Lear Corporation will post $16.59 EPS for the current year.

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In related news, Director Jonathan F. Foster sold 2,854 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $173.39, for a total transaction of $494,855.06. Following the sale, the director now directly owns 7,761 shares of the company’s stock, valued at $1,345,679.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mel Stephens sold 2,411 shares of the stock in a transaction 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 sale, the senior vice president now directly owns 44,484 shares in the company, valued at $7,690,393.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,404 shares of company stock worth $1,601,681. Insiders own 0.49% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LEA. Neuberger Berman Group LLC boosted its position in shares of Lear Corporation by 36.1% during the first quarter. Neuberger Berman Group LLC now owns 8,067 shares of the auto parts company’s stock valued at $1,142,000 after buying an additional 2,138 shares during the last quarter. United Services Automobile Association boosted its position in shares of Lear Corporation by 25.9% during the first quarter. United Services Automobile Association now owns 19,439 shares of the auto parts company’s stock valued at $2,752,000 after buying an additional 4,002 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Lear Corporation by 28.8% during the first quarter. Wellington Management Group LLP now owns 100,544 shares of the auto parts company’s stock valued at $14,235,000 after buying an additional 22,476 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of Lear Corporation by 30.3% during the first quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock valued at $124,000 after buying an additional 204 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Lear Corporation by 2.9% during the first quarter. Vanguard Group Inc. now owns 6,251,039 shares of the auto parts company’s stock valued at $885,022,000 after buying an additional 173,513 shares during the last quarter. 94.21% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Lear Corporation (NYSE:LEA)

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