Lear (NYSE:LEA) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

Several other research analysts have also issued reports on LEA. Buckingham Research set a $150.00 price target on Lear and gave the stock a “hold” rating in a report on Wednesday, September 19th. JPMorgan Chase & Co. cut their price target on Lear from $209.00 to $198.00 and set a “neutral” rating on the stock in a report on Friday, July 27th. Robert W. Baird reiterated a “buy” rating and issued a $243.00 price target on shares of Lear in a report on Friday, July 27th. Longbow Research reiterated a “buy” rating and issued a $225.00 price target on shares of Lear in a report on Thursday, July 26th. Finally, Citigroup cut their price target on Lear from $243.00 to $234.00 and set a “buy” rating on the stock in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Lear currently has a consensus rating of “Hold” and a consensus price target of $204.28.

Shares of NYSE:LEA opened at $146.69 on Wednesday. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 8.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.35. Lear has a 52-week low of $146.35 and a 52-week high of $206.36.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, July 26th. The auto parts company reported $4.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.04). The firm 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 revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.39 EPS. equities research analysts anticipate that Lear will post 18.72 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Townsend & Associates Inc bought a new position in shares of Lear in the second quarter valued at approximately $113,000. Fort L.P. bought a new position in shares of Lear in the second quarter valued at approximately $113,000. Squar Milner Financial Services LLC bought a new position in shares of Lear in the second quarter valued at approximately $130,000. Signet Financial Management LLC bought a new position in shares of Lear in the second quarter valued at approximately $131,000. Finally, Atlantic Trust Group LLC lifted its holdings in shares of Lear by 137.6% in the first quarter. Atlantic Trust Group LLC now owns 815 shares of the auto parts company’s stock valued at $152,000 after purchasing an additional 472 shares in the last quarter. Institutional investors own 91.25% of the company’s stock.

About Lear

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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