Lear (NYSE:LEA) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Thursday, MarketBeat reports.

A number of other analysts also recently weighed in on the stock. Susquehanna Bancshares set a $188.00 target price on shares of Lear and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised shares of Lear from a “hold” rating to a “buy” rating and set a $204.00 target price on the stock in a research report on Tuesday, March 6th. Citigroup reaffirmed a “buy” rating and issued a $234.00 target price (up from $202.00) on shares of Lear in a research report on Wednesday, February 14th. ValuEngine upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Finally, Deutsche Bank upgraded shares of Lear from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $190.95.

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Lear stock traded down $2.01 during trading hours on Thursday, hitting $190.59. 204,444 shares of the stock were exchanged, compared to its average volume of 628,923. The stock has a market cap of $12,623.14, a P/E ratio of 10.22 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.45. Lear has a 12-month low of $132.01 and a 12-month high of $202.42.

Lear (NYSE:LEA) last released its earnings results on Friday, January 26th. The auto parts company reported $4.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.25 by $0.13. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.27 billion. Lear had a net margin of 6.42% and a return on equity of 30.32%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.80 EPS. analysts expect that Lear will post 18.32 EPS for the current fiscal year.

Lear declared that its board has initiated a stock buyback plan on Wednesday, February 14th that authorizes the company to buyback $954.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

In other Lear news, SVP Mel Stephens sold 17,006 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $193.00, for a total transaction of $3,282,158.00. Following the transaction, the senior vice president now owns 15,694 shares in the company, valued at approximately $3,028,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald L. Runkle sold 1,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $190.67, for a total transaction of $190,670.00. Following the transaction, the director now owns 2,944 shares in the company, valued at approximately $561,332.48. The disclosure for this sale can be found here. Insiders have sold a total of 261,115 shares of company stock worth $49,699,331 in the last 90 days. Company insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Lear by 12.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,390 shares of the auto parts company’s stock worth $1,306,000 after purchasing an additional 801 shares during the period. Xact Kapitalforvaltning AB increased its holdings in Lear by 2.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 20,838 shares of the auto parts company’s stock worth $3,681,000 after acquiring an additional 573 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Lear by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 25,407 shares of the auto parts company’s stock worth $4,488,000 after acquiring an additional 434 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Lear by 12.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 16,837 shares of the auto parts company’s stock worth $2,974,000 after acquiring an additional 1,900 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Lear by 41.2% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,400 shares of the auto parts company’s stock worth $424,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 95.76% of the company’s stock.

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Lear Company Profile

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.

Analyst Recommendations for Lear (NYSE:LEA)

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