Lear (NYSE:LEA) had its price target decreased by Citigroup from $234.00 to $214.00 in a report published on Friday. Citigroup currently has a buy rating on the auto parts company’s stock.

A number of other brokerages also recently issued reports on LEA. Robert W. Baird restated a buy rating and issued a $243.00 price target on shares of Lear in a research report on Friday, July 27th. Morgan Stanley upgraded Lear from an equal weight rating to an overweight rating and raised their price target for the stock from $209.00 to $214.00 in a research report on Tuesday, July 31st. Buckingham Research set a $150.00 price target on Lear and gave the stock a hold rating in a research report on Wednesday, September 19th. ValuEngine downgraded Lear from a hold rating to a sell rating in a research report on Thursday, August 23rd. Finally, Longbow Research restated a buy rating and issued a $225.00 price target on shares of Lear in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $206.19.

Shares of LEA opened at $134.23 on Friday. The firm has a market capitalization of $9.50 billion, a P/E ratio of 7.90 and a beta of 1.34. Lear has a 52-week low of $132.35 and a 52-week high of $206.36. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 0.44.

Lear (NYSE:LEA) last issued its quarterly earnings results on Thursday, July 26th. The auto parts company reported $4.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.04). The company had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.54 billion. Lear had a return on equity of 28.84% and a net margin of 6.31%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.39 earnings per share. On average, sell-side analysts anticipate that Lear will post 18.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Thursday, August 30th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, August 29th. This represents a $2.80 annualized dividend and a dividend yield of 2.09%. Lear’s dividend payout ratio (DPR) is 16.47%.

Large investors have recently added to or reduced their stakes in the company. BB&T Securities LLC increased its stake in shares of Lear by 24.7% during the first quarter. BB&T Securities LLC now owns 2,646 shares of the auto parts company’s stock valued at $492,000 after buying an additional 524 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Lear by 50.8% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,393 shares of the auto parts company’s stock valued at $4,725,000 after buying an additional 8,556 shares during the period. Ostrum Asset Management purchased a new position in shares of Lear during the first quarter valued at $245,000. United Capital Financial Advisers LLC increased its stake in shares of Lear by 555.6% during the first quarter. United Capital Financial Advisers LLC now owns 67,217 shares of the auto parts company’s stock valued at $12,508,000 after buying an additional 56,965 shares during the period. Finally, Natixis increased its stake in shares of Lear by 52.3% during the first quarter. Natixis now owns 56,775 shares of the auto parts company’s stock valued at $10,565,000 after buying an additional 19,508 shares during the period. Institutional investors and hedge funds own 91.36% of the company’s stock.

Lear Company Profile

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components primarily to automotive original equipment manufacturers worldwide. The company operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

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Analyst Recommendations for Lear (NYSE:LEA)

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