Lear Co. (NYSE:LEA) Given Consensus Rating of “Hold” by Brokerages

Shares of Lear Co. (NYSE:LEAGet Rating) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $169.64.

LEA has been the topic of several analyst reports. Citigroup lowered their price target on Lear from $177.00 to $154.00 in a report on Tuesday, April 5th. BNP Paribas started coverage on shares of Lear in a report on Monday, April 11th. They issued an “underperform” rating and a $112.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of Lear from $163.00 to $158.00 in a report on Wednesday, June 1st. Exane BNP Paribas began coverage on Lear in a research note on Monday, April 11th. They set an “underperform” rating for the company. Finally, Cowen dropped their price target on Lear from $203.00 to $180.00 in a research report on Wednesday, May 4th.

In other news, SVP Alicia J. Davis sold 2,659 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $135.14, for a total value of $359,337.26. Following the sale, the senior vice president now owns 1,949 shares of the company’s stock, valued at approximately $263,387.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Conrad L. Mallett, Jr. sold 764 shares of Lear stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $130.74, for a total transaction of $99,885.36. The disclosure for this sale can be found here. In the last three months, insiders sold 8,954 shares of company stock worth $1,183,114. 0.67% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of LEA. EverSource Wealth Advisors LLC bought a new stake in Lear during the 4th quarter worth approximately $32,000. National Bank of Canada FI acquired a new position in Lear in the fourth quarter worth $35,000. Desjardins Global Asset Management Inc. bought a new stake in shares of Lear during the fourth quarter worth $36,000. Sandy Cove Advisors LLC acquired a new stake in shares of Lear in the first quarter valued at $29,000. Finally, Old North State Trust LLC raised its holdings in shares of Lear by 236.2% in the fourth quarter. Old North State Trust LLC now owns 232 shares of the auto parts company’s stock valued at $42,000 after buying an additional 163 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Lear stock opened at $130.40 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. Lear has a 1-year low of $118.38 and a 1-year high of $195.43. The firm’s fifty day simple moving average is $131.68 and its 200-day simple moving average is $152.56. The company has a market capitalization of $7.80 billion, a P/E ratio of 35.92, a P/E/G ratio of 0.37 and a beta of 1.47.

Lear (NYSE:LEAGet Rating) last posted its earnings results on Tuesday, May 3rd. The auto parts company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.24. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.02 billion. Lear had a return on equity of 7.51% and a net margin of 1.15%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $3.73 earnings per share. On average, equities research analysts predict that Lear will post 8.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 29th. Stockholders of record on Friday, June 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $3.08 annualized dividend and a dividend yield of 2.36%. Lear’s dividend payout ratio (DPR) is currently 84.85%.

About Lear (Get Rating)

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.

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