Barclays Has Lowered Expectations for Lear (NYSE:LEA) Stock Price

Lear (NYSE:LEA) had its price target reduced by investment analysts at Barclays from $120.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Barclays‘s target price would suggest a potential upside of 21.12% from the stock’s current price.

LEA has been the topic of several other research reports. StockNews.com raised shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. TD Cowen dropped their price target on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Morgan Stanley dropped their price target on shares of Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price target on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, December 16th. Finally, The Goldman Sachs Group dropped their target price on shares of Lear from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $133.73.

Lear Trading Down 1.6 %

LEA stock traded down $1.56 on Wednesday, hitting $94.95. 96,380 shares of the company were exchanged, compared to its average volume of 557,719. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.33 and a quick ratio of 1.03. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.49 and a beta of 1.43. The business’s fifty day moving average is $96.05 and its two-hundred day moving average is $104.98. Lear has a twelve month low of $90.03 and a twelve month high of $147.11.

Lear (NYSE:LEA) last announced its quarterly earnings results on Thursday, October 24th. The auto parts company reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.32. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Lear had a net margin of 2.33% and a return on equity of 14.68%. Lear’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.87 earnings per share. As a group, research analysts forecast that Lear will post 12.01 earnings per share for the current year.

Institutional Trading of Lear

A number of institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Lear by 187.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock worth $27,000 after purchasing an additional 187 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Lear by 70.5% during the second quarter. EverSource Wealth Advisors LLC now owns 266 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 110 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Lear during the third quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in shares of Lear by 240.4% during the third quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 214 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Lear by 71.6% during the third quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 139 shares during the period. 97.04% of the stock is 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.