Evercore ISI Issues Pessimistic Forecast for Lear (NYSE:LEA) Stock Price

Lear (NYSE:LEA) had its price target reduced by Evercore ISI from $125.00 to $110.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an in-line rating on the auto parts company’s stock.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Bank of America reduced their price objective on shares of Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group lowered their target price on shares of Lear from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on Lear from $99.00 to $103.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $127.00.

Lear Trading Down 1.0 %

Shares of LEA opened at $96.42 on Monday. Lear has a 1-year low of $86.28 and a 1-year high of $147.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $95.39 and a 200-day simple moving average of $102.42. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42.

Lear (NYSE:LEA) last released its quarterly earnings results on Thursday, February 6th. The auto parts company reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.44. Lear had a return on equity of 14.70% and a net margin of 2.17%. Equities analysts forecast that Lear will post 13.29 EPS for the current fiscal year.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 11th were issued a $0.77 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.19%. Lear’s dividend payout ratio (DPR) is 34.45%.

Institutional Trading of Lear

A number of institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in Lear by 187.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after buying an additional 187 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Lear by 240.4% in the 3rd quarter. Blue Trust Inc. now owns 303 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 214 shares during the period. Brooklyn Investment Group acquired a new position in shares of Lear during the 3rd quarter valued at $34,000. Signaturefd LLC boosted its position in Lear by 71.6% during the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 139 shares during the period. Finally, Addison Advisors LLC increased its holdings in Lear by 68.2% in the 4th quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock valued at $32,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 97.04% of the company’s stock.

Lear Company Profile

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.