Lear (NYSE:LEA) Price Target Raised to $138.00

Lear (NYSE:LEA) had its price target upped by research analysts at JPMorgan Chase & Co. from $133.00 to $138.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 28.83% from the company’s current price.

A number of other research firms have also weighed in on LEA. Weiss Ratings reiterated a “hold (c)” rating on shares of Lear in a research note on Wednesday, October 8th. Barclays lifted their price target on Lear from $100.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on Lear from $108.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Monday. Wall Street Zen lowered shares of Lear from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Bank of America cut shares of Lear from a “buy” rating to a “neutral” rating and decreased their target price for the company from $135.00 to $123.00 in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Lear has a consensus rating of “Hold” and a consensus price target of $115.90.

Lear Stock Performance

LEA traded up $2.47 during trading on Monday, reaching $107.12. 64,214 shares of the company’s stock were exchanged, compared to its average volume of 691,082. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.07. Lear has a 1 year low of $73.85 and a 1 year high of $113.10. The company’s fifty day simple moving average is $104.20 and its 200-day simple moving average is $98.11. The stock has a market capitalization of $5.70 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.32.

Lear (NYSE:LEA) last released its quarterly earnings data on Friday, October 31st. The auto parts company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.03. Lear had a net margin of 2.05% and a return on equity of 13.94%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Lear has set its FY 2025 guidance at EPS. As a group, research analysts predict that Lear will post 12.89 earnings per share for the current fiscal year.

Institutional Trading of Lear

Several institutional investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its stake in Lear by 1,384.2% in the 2nd quarter. IFP Advisors Inc now owns 282 shares of the auto parts company’s stock valued at $27,000 after buying an additional 263 shares in the last quarter. WealthCollab LLC acquired a new position in shares of Lear during the second quarter valued at approximately $28,000. Quent Capital LLC purchased a new position in shares of Lear in the third quarter valued at approximately $38,000. WPG Advisers LLC acquired a new stake in shares of Lear in the first quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC increased its position in shares of Lear by 34.0% during the third quarter. Farther Finance Advisors LLC now owns 422 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 97.04% of the company’s stock.

About Lear

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.