Lear Corporation (LEA) Price Target Raised to $152.00 at Barclays PLC
Lear Corporation (NYSE:LEA) had its price target upped by Barclays PLC from $146.00 to $152.00 in a research note released on Thursday, Marketbeat reports. The firm currently has an equal weight rating on the auto parts company’s stock.
Several other brokerages have also commented on LEA. Zacks Investment Research lowered Lear Corporation from a hold rating to a sell rating in a report on Wednesday, July 5th. Seaport Global Securities raised Lear Corporation from a neutral rating to a buy rating and set a $163.00 price objective for the company in a report on Thursday, May 4th. Bank of America Corporation lowered Lear Corporation from a neutral rating to an underperform rating and cut their price objective for the stock from $135.00 to $110.00 in a report on Friday, June 16th. Berenberg Bank initiated coverage on Lear Corporation in a report on Friday, March 31st. They issued a buy rating and a $175.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $148.00 price objective on shares of Lear Corporation in a report on Monday, April 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $149.00.
Lear Corporation (NYSE:LEA) traded down 0.89% on Thursday, hitting $147.84. The stock had a trading volume of 241,379 shares. The firm has a 50-day moving average of $144.31 and a 200 day moving average of $142.67. Lear Corporation has a 52 week low of $107.65 and a 52 week high of $153.28. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 9.85 and a beta of 1.32.
Lear Corporation (NYSE:LEA) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.11 by $0.28. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the company posted $3.66 earnings per share. Lear Corporation’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that Lear Corporation will post $16.29 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “Lear Corporation (LEA) Price Target Raised to $152.00 at Barclays PLC” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/lear-corporation-lea-price-target-raised-to-152-00-at-barclays-plc/1464285.html.
In other news, Director Greg C. Smith sold 2,266 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $145.12, for a total value of $328,841.92. Following the completion of the transaction, the director now owns 13,885 shares of the company’s stock, valued at $2,014,991.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in Lear Corporation by 23.9% in the first quarter. Toronto Dominion Bank now owns 768 shares of the auto parts company’s stock worth $109,000 after buying an additional 148 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Lear Corporation by 52.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 783 shares of the auto parts company’s stock worth $111,000 after buying an additional 270 shares during the period. TrimTabs Asset Management LLC raised its position in Lear Corporation by 88.7% in the first quarter. TrimTabs Asset Management LLC now owns 868 shares of the auto parts company’s stock worth $123,000 after buying an additional 408 shares during the period. Global X Management Co. LLC raised its position in Lear Corporation by 30.3% in the first quarter. Global X Management Co. LLC now owns 878 shares of the auto parts company’s stock worth $124,000 after buying an additional 204 shares during the period. Finally, Van ECK Associates Corp raised its position in Lear Corporation by 5.4% in the first quarter. Van ECK Associates Corp now owns 991 shares of the auto parts company’s stock worth $140,000 after buying an additional 51 shares during the period. 96.43% of the stock is owned by hedge funds and other 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.
Receive News & Ratings for Lear Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.