Lear Co. (NYSE:LEA) – Equities researchers at KeyCorp increased their Q3 2020 earnings estimates for shares of Lear in a research report issued on Monday, October 5th. KeyCorp analyst J. Picariello now forecasts that the auto parts company will post earnings of $3.47 per share for the quarter, up from their previous estimate of $2.37. KeyCorp currently has a “Overweight” rating and a $148.00 price target on the stock. KeyCorp also issued estimates for Lear’s Q4 2020 earnings at $3.72 EPS, FY2020 earnings at $5.10 EPS and FY2021 earnings at $13.95 EPS.
A number of other brokerages also recently issued reports on LEA. Deutsche Bank increased their price target on Lear from $133.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Morgan Stanley raised their target price on Lear from $86.00 to $93.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised their target price on Lear from $100.00 to $109.00 and gave the company a “neutral” rating in a research report on Friday, June 19th. Barclays increased their price target on Lear from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Credit Suisse Group increased their price target on Lear from $138.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $117.00.
Lear stock opened at $128.80 on Thursday. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 52.57, a price-to-earnings-growth ratio of 5.88 and a beta of 1.66. Lear has a 52 week low of $63.20 and a 52 week high of $143.50. The business’s 50-day moving average price is $115.36 and its 200 day moving average price is $105.63. The company has a quick ratio of 1.00, a current ratio of 1.26 and a debt-to-equity ratio of 0.58. Lear (NYSE:LEA) last announced its quarterly earnings data on Tuesday, August 4th. The auto parts company reported ($4.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.98) by $0.84. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.18 billion. Lear had a return on equity of 5.95% and a net margin of 0.75%. The company’s revenue was down 51.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.78 earnings per share.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEA. FinTrust Capital Advisors LLC lifted its stake in Lear by 109.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 403 shares of the auto parts company’s stock valued at $33,000 after buying an additional 211 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Lear during the 2nd quarter worth $55,000. Cerebellum GP LLC acquired a new stake in shares of Lear during the 2nd quarter worth $126,000. Captrust Financial Advisors acquired a new stake in shares of Lear during the 2nd quarter worth $92,000. Finally, Trust Co. of Vermont increased its holdings in shares of Lear by 24.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,246 shares of the auto parts company’s stock worth $136,000 after buying an additional 241 shares during the last quarter. Institutional investors own 94.65% of the company’s stock.
Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers worldwide. It operates in two segments, Seating and E-Systems. The Seating segment offers leather and fabric products, seat trim covers, recliner mechanisms, seat tracks and foams, seat structures and mechanisms, and headrests for automobiles and light trucks, compact cars, and sport utility vehicles; and heating and cooling systems.
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