Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Lear Corporation (LEA) Share Price
Headlines about Lear Corporation (NYSE:LEA) have trended somewhat positive on Friday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lear Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 45.80288687656 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Robert W. Baird Reiterates Buy Rating for Lear Corporation (LEA) (americanbankingnews.com)
- L’Oreal’s Fires First Trans Model For Saying White People Are Racist – Fortune (fortune.com)
- What Are Amex Membership Rewards Points Worth? (fool.com)
- Mark Hulbert: Check out this $1 million bet Warren Buffett looks about to win (marketwatch.com)
- Placing This Stock in the Hotbed: Lear Corporation (NYSE:LEA) – FLBC News (flbcnews.com)
A number of brokerages have weighed in on LEA. Morgan Stanley lowered Lear Corporation from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $149.00 to $142.00 in a report on Thursday, June 8th. Barclays PLC raised their price objective on Lear Corporation from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and issued a $178.00 price objective on shares of Lear Corporation in a report on Friday. Zacks Investment Research upgraded Lear Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, BidaskClub upgraded Lear Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $150.18.
Shares of Lear Corporation (NYSE LEA) traded up 1.38% during mid-day trading on Friday, hitting $151.61. The company’s stock had a trading volume of 948,768 shares. The stock has a 50-day moving average of $146.15 and a 200-day moving average of $143.23. The company has a market cap of $10.32 billion, a PE ratio of 10.10 and a beta of 1.32. Lear Corporation has a 12-month low of $110.77 and a 12-month high of $153.28.
Lear Corporation (NYSE:LEA) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.11 by $0.28. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The business had revenue of $5.12 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the business earned $3.66 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. On average, equities research analysts forecast that Lear Corporation will post $16.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. Lear Corporation’s dividend payout ratio is currently 13.28%.
Lear Corporation Company Profile
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.
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