3 days Ago By Defense World Staff
Lear Co. ( NYSE:LEA – Get Free Report ) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company.
The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $140.25. LEA has been the topic of several analyst reports.
The Goldman Sachs Group dropped their price objective on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st.
Wolfe Research initiated coverage on Lear in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays lowered Lear from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $140.
00 to $120.00 in a research report on Wednesday, October 30th. Morgan Stanley decreased their target price on Lear from $145.
00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Finally, StockNews.
com upgraded Lear from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Get Our Latest Research Report on Lear Lear Stock Performance Lear ( NYSE:LEA – Get Free Report ) last announced its earnings results on Thursday, October 24th. The auto parts company reported $2.
89 EPS for the quarter, beating the consensus estimate of $2.57 by $0.32.
The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.52 billion.
Lear had a return on equity of 14.68% and a net margin of 2.33%.
The company’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the business posted $2.
87 EPS. Equities analysts anticipate that Lear will post 12.19 earnings per share for the current year.
Institutional Inflows and Outflows Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its stake in shares of 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 in the last quarter. Quarry LP raised its stake in shares of Lear by 13.8% in the 3rd quarter.
Quarry LP now owns 1,105 shares of the auto parts company’s stock worth $121,000 after buying an additional 134 shares in the last quarter. Wahed Invest LLC raised its stake in shares of Lear by 14.0% in the 1st quarter.
Wahed Invest LLC now owns 1,125 shares of the auto parts company’s stock worth $163,000 after buying an additional 138 shares in the last quarter. Signaturefd LLC raised its stake in shares of Lear by 71.6% in the 3rd quarter.
Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after buying an additional 139 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Lear by 4.2% during the third quarter.
Wellington Management Group LLP now owns 3,526 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 97.04% of the company’s stock.
Lear Company Profile ( Get Free Report 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. Featured Stories Five stocks we like better than Lear What Makes a Stock a Good Dividend Stock? Is Monolithic Power Systems a Screaming Buy After Near 40% Drop? Investing In Automotive Stocks Applied Materials Market Capitulates: Now is the Time to Buy What is Put Option Volume? 3 Ultra-High Dividend Yield Stocks for the New Year Receive News & Ratings for Lear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lear and related companies with MarketBeat.
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