Lear (NYSE:LEA) Given New $125.00 Price Target at TD Cowen

Lear (NYSE:LEA) had its price objective dropped by analysts at TD Cowen from $142.00 to $125.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the auto parts company’s stock. TD Cowen’s price objective would indicate a potential upside of 25.92% from the company’s current price.

A number of other equities analysts also recently issued reports on LEA. Wells Fargo & Company cut their price target on Lear from $114.00 to $106.00 and set an “equal weight” rating for the company in a research note on Friday. Citigroup lowered their price target on Lear from $141.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Morgan Stanley reduced their target price on Lear from $150.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. Barclays cut their price objective on Lear from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.75.

Lear Stock Up 1.1 %

NYSE:LEA traded up $1.10 on Friday, hitting $99.27. The stock had a trading volume of 582,834 shares, compared to its average volume of 657,347. The company has a market cap of $5.64 billion, a PE ratio of 10.83, a P/E/G ratio of 0.44 and a beta of 1.44. Lear has a 52 week low of $97.51 and a 52 week high of $147.11. The business’s fifty day moving average is $109.30 and its 200 day moving average is $118.06. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.56.

Lear (NYSE:LEA) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.32. Lear had a net margin of 2.30% and a return on equity of 14.75%. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter last year, the firm posted $2.87 EPS. Lear’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts expect that Lear will post 12.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Lear

Several hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Lear during the first quarter valued at approximately $29,000. Altshuler Shaham Ltd bought a new stake in Lear in the 2nd quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in Lear by 70.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock worth $32,000 after buying an additional 110 shares during the last quarter. Blue Trust Inc. raised its position in Lear by 240.4% in the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock worth $35,000 after buying an additional 214 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Lear by 71.6% in the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 139 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

Lear Company Profile

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.