Lear (NYSE:LEA) Price Target Raised to $125.00

Lear (NYSE:LEA) had its price target hoisted by Barclays from $120.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the auto parts company’s stock.

A number of other brokerages have also recently weighed in on LEA. The Goldman Sachs Group set a $104.00 price objective on shares of Lear in a research note on Monday, September 29th. UBS Group lowered their target price on Lear from $109.00 to $106.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Bank of America cut Lear from a “buy” rating to a “neutral” rating and cut their price target for the stock from $135.00 to $123.00 in a report on Wednesday, September 10th. Wells Fargo & Company upped their price objective on Lear from $108.00 to $112.00 and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lear in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $118.60.

Lear Trading Down 0.0%

NYSE:LEA opened at $109.41 on Monday. Lear has a 52-week low of $73.85 and a 52-week high of $113.10. The company has a quick ratio of 1.07, a current ratio of 1.34 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $104.02 and a 200-day simple moving average of $99.51. The company has a market capitalization of $5.68 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38.

Lear (NYSE:LEA) last posted its earnings results on Friday, October 31st. The auto parts company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.03. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.63 billion. Lear had a net margin of 2.05% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $2.89 EPS. Lear has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Lear will post 12.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lear

Several institutional investors have recently added to or reduced their stakes in LEA. Vanguard Group Inc. boosted its stake in Lear by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 6,657,389 shares of the auto parts company’s stock worth $587,315,000 after buying an additional 165,494 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lear by 2.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,784,110 shares of the auto parts company’s stock worth $280,106,000 after acquiring an additional 57,443 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Lear by 6.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,358,330 shares of the auto parts company’s stock worth $208,052,000 after acquiring an additional 145,751 shares during the period. Schroder Investment Management Group boosted its position in shares of Lear by 75.6% in the second quarter. Schroder Investment Management Group now owns 1,801,284 shares of the auto parts company’s stock worth $171,086,000 after acquiring an additional 775,476 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings 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 during the period. 97.04% of the stock is currently owned by institutional investors and hedge funds.

About Lear

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.