Lear Co. (NYSE:LEA) Receives $132.18 Consensus PT from Analysts

Lear Co. (NYSE:LEA) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $132.18.

A number of research analysts have commented on LEA shares. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. Bank of America decreased their price target on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays decreased their price target on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price objective on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. Finally, TD Cowen reduced their price objective on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Lear Trading Up 0.7 %

Shares of Lear stock opened at $93.48 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33. The stock has a 50 day moving average of $95.68 and a 200 day moving average of $103.23. Lear has a fifty-two week low of $86.28 and a fifty-two week high of $147.11. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.61 and a beta of 1.42.

Lear Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 annualized dividend and a dividend yield of 3.29%. Lear’s dividend payout ratio is presently 32.39%.

Institutional Trading of Lear

Several institutional investors have recently modified their holdings of LEA. Millennium Management LLC lifted its position in shares of Lear by 2,630.4% during the 2nd quarter. Millennium Management LLC now owns 161,422 shares of the auto parts company’s stock worth $18,436,000 after buying an additional 155,510 shares during the last quarter. Algert Global LLC lifted its position in shares of Lear by 244.8% during the 2nd quarter. Algert Global LLC now owns 7,275 shares of the auto parts company’s stock worth $831,000 after buying an additional 5,165 shares during the last quarter. Quarry LP lifted its position in shares of Lear by 299.6% during the 2nd quarter. Quarry LP now owns 971 shares of the auto parts company’s stock worth $111,000 after buying an additional 728 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Lear in the 2nd quarter valued at $211,000. Finally, SG Americas Securities LLC increased its holdings in shares of Lear by 49.2% in the 3rd quarter. SG Americas Securities LLC now owns 9,024 shares of the auto parts company’s stock valued at $985,000 after acquiring an additional 2,975 shares during the period. Hedge funds and other institutional investors own 97.04% 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 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.