Lear (NYSE:LEA – Get Free Report) had its target price boosted by equities research analysts at Wells Fargo & Company from $123.00 to $131.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 7.16% from the company’s previous close.
Several other analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Lear from a “buy” rating to a “strong-buy” rating in a report on Friday, January 23rd. Citigroup boosted their price target on shares of Lear from $146.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating and issued a $121.00 price objective on shares of Lear in a report on Thursday, January 15th. Barclays set a $140.00 target price on shares of Lear in a report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lear in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $135.10.
View Our Latest Stock Analysis on Lear
Lear Stock Up 3.7%
Lear (NYSE:LEA – Get Free Report) last posted its earnings results on Wednesday, February 4th. The auto parts company reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.74. Lear had a return on equity of 13.40% and a net margin of 1.88%.The company had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.78 billion. During the same quarter last year, the firm earned $2.94 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Lear will post 12.89 EPS for the current year.
Insider Buying and Selling at Lear
In other news, CFO Jason M. Cardew sold 5,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $118.17, for a total value of $590,850.00. Following the sale, the chief financial officer directly owned 15,244 shares in the company, valued at approximately $1,801,383.48. This trade represents a 24.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.
Institutional Investors Weigh In On Lear
A number of hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its position in shares of Lear by 1,384.2% during the second quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock worth $27,000 after buying an additional 263 shares in the last quarter. WealthCollab LLC purchased a new position in Lear in the second quarter worth approximately $28,000. Allworth Financial LP grew its holdings in Lear by 62.6% during the 3rd quarter. Allworth Financial LP now owns 309 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 119 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Lear by 942.3% in the 4th quarter. Global Retirement Partners LLC now owns 271 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 245 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Lear in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 97.04% of the company’s stock.
Lear News Roundup
Here are the key news stories impacting Lear this week:
- Positive Sentiment: Q4 results beat expectations — Lear reported EPS of $3.41 and revenue near $6.0B, with year‑over‑year revenue growth driven by Seating and E‑Systems; this beat consensus and is the principal reason the stock rallied. Lear Q4 Earnings Beat
- Positive Sentiment: Hit a new 52‑week high on the earnings news, signaling strong investor momentum and renewed optimism about growth and profitability. Lear Hits New 52-Week High
- Positive Sentiment: Analyst/style commentary highlights LEA as both a momentum and value candidate — Zacks pieces emphasize favorable style scores that can attract diverse investor demand. Momentum Article
- Neutral Sentiment: Other news items in the feed (cultural/theater pieces and broader AI commentary) are unrelated to Lear’s fundamentals and unlikely to move the stock. King Lear Review
- Negative Sentiment: Analyst target adjustment: Wells Fargo raised its price target from $123 to $131 but kept an “equal weight” rating — that target is below the stock’s current level, suggesting limited near‑term upside from this shop. Wells Fargo Note
- Negative Sentiment: A conflicting earnings transcript excerpt circulated claiming a miss (anomalous $1.58 EPS figure). This appears inconsistent with multiple published reports showing a beat; investors should rely on the audited release and reconciliations. Earnings Call Transcript
Lear Company Profile
Lear Corporation (NYSE: LEA) is a global supplier of automotive seating and electrical distribution systems. The company designs, engineers and manufactures complete seat systems, seat components and power solutions for major vehicle manufacturers. Its electrical business delivers modules and components for battery management, infotainment, body and safety electronics, as well as advanced connectivity and electrification solutions.
The seating division develops lightweight, ergonomic seat structures, trim and mechanisms that address comfort, safety and environmental targets.
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