Lear (NYSE:LEA) Price Target Lowered to $102.00 at UBS Group

Lear (NYSE:LEA) had its price target cut by UBS Group from $104.00 to $102.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

A number of other brokerages also recently commented on LEA. Bank of America cut their target price 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. Barclays reduced their price objective on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on Lear from $147.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. TD Cowen reduced their price target on Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley lowered their price objective on shares of Lear from $145.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, November 14th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.18.

Lear Price Performance

Shares of Lear stock opened at $96.01 on Friday. The stock has a market capitalization of $5.22 billion, a P/E ratio of 10.74, a PEG ratio of 0.62 and a beta of 1.42. The company has a current ratio of 1.32, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $95.59 and its 200 day moving average price is $103.01. Lear has a twelve month low of $86.28 and a twelve month high of $147.11.

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

Lear Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were paid 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 yield of 3.21%. Lear’s dividend payout ratio (DPR) is 34.45%.

Institutional Trading of Lear

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of Lear by 187.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 287 shares of the auto parts company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Lear by 68.2% during the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 137 shares during the period. Brooklyn Investment Group bought a new position in shares of Lear in the 3rd quarter worth about $34,000. Blue Trust Inc. boosted its stake in Lear by 240.4% in the third 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. Finally, Signaturefd LLC grew its stake 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 buying an additional 139 shares during the last quarter. Institutional investors and hedge funds 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.