Lear Corporation (NYSE:LEA) has earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $147.60.

A number of equities analysts recently issued reports on LEA shares. Morgan Stanley lowered shares of Lear Corporation from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $149.00 to $142.00 in a research report on Thursday, June 8th. Zacks Investment Research downgraded shares of Lear Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Barclays PLC reiterated an “equal weight” rating and set a $134.00 price target (down previously from $138.00) on shares of Lear Corporation in a research note on Saturday, April 22nd. BidaskClub downgraded shares of Lear Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Guggenheim initiated coverage on shares of Lear Corporation in a research note on Wednesday, June 21st. They set a “buy” rating and a $167.00 price target on the stock.

Shares of Lear Corporation (NYSE LEA) traded up 0.39% during trading on Friday, reaching $148.09. 402,218 shares of the company traded hands. The stock has a market cap of $10.08 billion, a P/E ratio of 9.87 and a beta of 1.32. Lear Corporation has a 12 month low of $110.77 and a 12 month high of $153.28. The stock’s 50 day moving average price is $144.24 and its 200-day moving average price is $142.76.

Lear Corporation (NYSE:LEA) last announced its earnings results on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.11 by $0.28. Lear Corporation had a net margin of 5.51% and a return on equity of 32.34%. The business had revenue of $5.12 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm posted $3.66 earnings per share. Lear Corporation’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts expect that Lear Corporation will post $16.49 EPS for the current fiscal year.

In other news, Director Greg C. Smith sold 2,266 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $145.12, for a total value of $328,841.92. Following the sale, the director now owns 13,885 shares in the company, valued at approximately $2,014,991.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Lear Corporation by 1,617.8% in the first quarter. BlackRock Inc. now owns 7,113,550 shares of the auto parts company’s stock valued at $1,007,136,000 after buying an additional 6,699,449 shares in the last quarter. Ardevora Asset Management LLP purchased a new stake in shares of Lear Corporation during the second quarter valued at approximately $34,540,000. Harbour Capital Advisors LLC increased its stake in shares of Lear Corporation by 14,108.0% in the second quarter. Harbour Capital Advisors LLC now owns 223,776 shares of the auto parts company’s stock valued at $1,575,000 after buying an additional 222,201 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Lear Corporation by 43.8% in the first quarter. Prudential Financial Inc. now owns 685,822 shares of the auto parts company’s stock valued at $97,099,000 after buying an additional 209,000 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Lear Corporation by 156.8% in the first quarter. Principal Financial Group Inc. now owns 315,253 shares of the auto parts company’s stock valued at $44,634,000 after buying an additional 192,473 shares in the last quarter. Institutional investors own 97.57% of the company’s stock.

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About Lear Corporation

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

Analyst Recommendations for Lear Corporation (NYSE:LEA)

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