Analysts’ Recent Ratings Updates for Lear Corporation (LEA)

A number of research firms have changed their ratings and price targets for Lear Corporation (NYSE: LEA):

  • 10/31/2017 – Lear Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The seating segment consists of the manufacture, assembly and supply of vehicle seating requirements. The Company produces seat systems for automobiles and light trucks that are fully assembled and ready for installation. The electrical and electronic segment consists of the manufacture, assembly and supply of electrical and electronic systems and components for the vehicle. The Company is able to provide its customers with engineering and design solutions and manufactured systems, modules and components that optimally integrate the electrical distribution system of wiring, terminals and connectors, junction boxes and electronic modules within the overall architecture of the vehicle. Lear Corporation is headquartered in Southfield, Michigan. “
  • 10/27/2017 – Lear Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $196.00 price target on the stock.
  • 10/26/2017 – Lear Corporation was upgraded by analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating. They now have a $213.00 price target on the stock, up previously from $183.00.
  • 10/26/2017 – Lear Corporation was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating. They now have a $167.00 price target on the stock.
  • 10/26/2017 – Lear Corporation had its price target raised by analysts at Deutsche Bank AG from $167.00 to $176.00. They now have a “hold” rating on the stock.
  • 10/26/2017 – Lear Corporation had its price target raised by analysts at Barclays PLC from $171.00 to $175.00. They now have an “equal weight” rating on the stock.
  • 10/20/2017 – Lear Corporation was given a new $171.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 10/18/2017 – Lear Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $195.00 price target on the stock. According to Zacks, “Lear Corporation is a leading global supplier of automotive seating systems, electrical distribution systems and electronics. The seating segment consists of the manufacture, assembly and supply of vehicle seating requirements. The Company produces seat systems for automobiles and light trucks that are fully assembled and ready for installation. The electrical and electronic segment consists of the manufacture, assembly and supply of electrical and electronic systems and components for the vehicle. The Company is able to provide its customers with engineering and design solutions and manufactured systems, modules and components that optimally integrate the electrical distribution system of wiring, terminals and connectors, junction boxes and electronic modules within the overall architecture of the vehicle. Lear Corporation is headquartered in Southfield, Michigan. “
  • 10/13/2017 – Lear Corporation had its price target raised by analysts at KeyCorp from $180.00 to $184.00. They now have a “buy” rating on the stock.
  • 10/3/2017 – Lear Corporation was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $182.00 price target on the stock, up previously from $158.00.
  • 9/28/2017 – Lear Corporation is now covered by analysts at Jefferies Group LLC. They set a “buy” rating and a $197.00 price target on the stock.
  • 9/26/2017 – Lear Corporation was downgraded by analysts at Buckingham Research from a “buy” rating to a “neutral” rating. They now have a $175.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/25/2017 – Lear Corporation is now covered by analysts at Cowen and Company. They set an “outperform” rating and a $195.00 price target on the stock.
  • 9/17/2017 – Lear Corporation had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $180.00 price target on the stock.

Shares of Lear Corporation (LEA) opened at 175.59 on Wednesday. Lear Corporation has a 12-month low of $112.54 and a 12-month high of $178.80. The stock’s 50 day moving average price is $171.46 and its 200-day moving average price is $151.60. The firm has a market capitalization of $11.95 billion, a P/E ratio of 11.70 and a beta of 1.35.

Lear Corporation (NYSE:LEA) last issued its earnings results on Wednesday, October 25th. The auto parts company reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.80 by $0.16. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.84 billion. Lear Corporation had a net margin of 5.79% and a return on equity of 31.79%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $3.19 EPS. On average, equities analysts expect that Lear Corporation will post $16.85 EPS for the current year.

In other Lear Corporation news, Director Henry D. G. Wallace sold 4,139 shares of Lear Corporation stock in a transaction on Monday, September 18th. The shares were sold at an average price of $166.71, for a total transaction of $690,012.69. Following the completion of the sale, the director now owns 4,100 shares of the company’s stock, valued at approximately $683,511. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mel Stephens sold 2,411 shares of Lear Corporation stock in a transaction on Monday, September 25th. The shares were sold at an average price of $172.88, for a total transaction of $416,813.68. Following the sale, the senior vice president now directly owns 44,484 shares of the company’s stock, valued at approximately $7,690,393.92. The disclosure for this sale can be found here. Insiders have sold a total of 9,404 shares of company stock valued at $1,601,681 in the last three months. Company insiders own 0.49% of the company’s stock.

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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