Lear (NYSE:LEA) Price Target Lowered to $110.00 at Evercore ISI

Lear (NYSE:LEA) had its price objective decreased by Evercore ISI from $125.00 to $110.00 in a research note published on Monday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the auto parts company’s stock.

Other research analysts have also issued research reports about the company. Morgan Stanley decreased their target price on Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their target price on shares of Lear from $147.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays cut their price objective on Lear from $120.00 to $115.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Bank of America decreased their target price on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Lear presently has an average rating of “Hold” and an average target price of $127.00.

Lear Stock Performance

Shares of NYSE LEA opened at $96.35 on Monday. The company has a market capitalization of $5.24 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.32. The company’s fifty day moving average price is $95.52 and its 200 day moving average price is $102.63. Lear has a 1 year low of $86.28 and a 1 year high of $147.11.

Lear (NYSE:LEA) last posted its earnings results on Thursday, February 6th. The auto parts company reported $2.94 EPS for the quarter, beating 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%. On average, research analysts predict that Lear will post 13.29 earnings per share for the current year.

Lear Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Wednesday, December 11th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Wednesday, December 11th. Lear’s dividend payout ratio is currently 34.45%.

Hedge Funds Weigh In On Lear

Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of Lear by 187.0% in the 4th 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 during the period. Addison Advisors LLC grew its position in Lear by 68.2% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after acquiring an additional 137 shares during the period. Brooklyn Investment Group acquired a new stake in Lear during the third quarter worth $34,000. Blue Trust Inc. raised its position 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 purchasing an additional 214 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock valued at $36,000 after purchasing an additional 139 shares during the last quarter. 97.04% of the stock is owned by hedge funds and other institutional investors.

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.