JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Lear (NYSE:LEA) Stock

Lear (NYSE:LEA) had its target price increased by stock analysts at JPMorgan Chase & Co. from $152.00 to $153.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.41% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $133.00 target price on Lear in a research note on Monday, May 4th. Wall Street Zen raised Lear from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 23rd. Benchmark started coverage on Lear in a research note on Thursday, February 19th. They set a “buy” rating and a $170.00 target price on the stock. TD Cowen reissued a “hold” rating on shares of Lear in a research note on Monday, May 4th. Finally, Citigroup boosted their price objective on Lear from $177.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.54.

Lear Stock Down 4.7%

Shares of Lear stock opened at $132.57 on Thursday. The business’s fifty day moving average price is $123.96 and its two-hundred day moving average price is $120.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 1.05. The company has a market capitalization of $6.64 billion, a P/E ratio of 13.26, a PEG ratio of 0.71 and a beta of 1.21. Lear has a 1-year low of $86.14 and a 1-year high of $142.84.

Lear (NYSE:LEA) last announced its earnings results on Friday, May 1st. The auto parts company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.36. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.84 billion. Lear had a return on equity of 13.69% and a net margin of 2.25%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.12 EPS. As a group, research analysts forecast that Lear will post 14.56 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jason M. Cardew sold 10,000 shares of Lear stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $134.51, for a total transaction of $1,345,100.00. Following the transaction, the chief financial officer owned 22,741 shares in the company, valued at approximately $3,058,891.91. The trade was a 30.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Harry Albert Kemp sold 7,000 shares of Lear stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $136.31, for a total value of $954,170.00. Following the transaction, the senior vice president owned 17,423 shares in the company, valued at $2,374,929.13. This represents a 28.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,264 shares of company stock worth $3,400,687. 1.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LEA. M&T Bank Corp grew its holdings in shares of Lear by 46,707.8% during the fourth quarter. M&T Bank Corp now owns 951,602 shares of the auto parts company’s stock valued at $109,054,000 after buying an additional 949,569 shares in the last quarter. Norges Bank purchased a new position in shares of Lear during the fourth quarter valued at $82,016,000. Balyasny Asset Management L.P. purchased a new position in shares of Lear during the second quarter valued at $39,656,000. Caisse de depot et placement du Quebec purchased a new position in Lear in the third quarter valued at about $40,984,000. Finally, American Century Companies Inc. grew its stake in Lear by 23.6% in the third quarter. American Century Companies Inc. now owns 1,569,341 shares of the auto parts company’s stock valued at $157,891,000 after purchasing an additional 299,841 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Trending Headlines about Lear

Here are the key news stories impacting Lear this week:

• Positive Sentiment: Lear declared a quarterly cash dividend of $0.77 per share, signaling confidence in cash generation and returning capital to shareholders. Lear Declares Quarterly Cash Dividend
• Positive Sentiment: JPMorgan Chase & Co. raised its price target on Lear to $153 from $152 and reiterated an overweight rating, reinforcing a bullish outlook for the stock. JPMorgan raises Lear price target
• Positive Sentiment: Barclays also lifted its price target on Lear to $150 from $140, suggesting analysts see more upside after the company’s recent earnings report. Barclays raises its price target on Lear Corporation
• Neutral Sentiment: Recent coverage also highlighted Lear as strengthening within the Russell 1000 and as a notable EV supply-chain name, but these items are more descriptive than immediately market-moving.
• Neutral Sentiment: News about Trump-Xi trade talks could matter for global auto parts sentiment, but the articles provided did not mention any Lear-specific tariffs, supply-chain disruptions, or demand changes.

About Lear

Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.

The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.