ValuEngine upgraded shares of Lear (NYSE:LEA) from a buy rating to a strong-buy rating in a research note published on Thursday morning.

A number of other research firms have also commented on LEA. Robert W. Baird reaffirmed a buy rating and issued a $213.00 price objective on shares of Lear in a research note on Friday, January 26th. Jefferies Group reaffirmed a buy rating and issued a $231.00 price objective on shares of Lear in a research note on Monday, January 29th. Guggenheim set a $206.00 price objective on shares of Lear and gave the company a hold rating in a research note on Monday, January 29th. Goldman Sachs Group raised shares of Lear from a sell rating to a neutral rating and set a $187.00 price objective on the stock in a research note on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of Lear from a hold rating to a buy rating and set a $221.00 price objective on the stock in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $189.59.

Shares of Lear (NYSE:LEA) opened at $186.63 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.36 and a quick ratio of 1.09. Lear has a 12 month low of $132.01 and a 12 month high of $202.42. The company has a market cap of $12,489.28, a price-to-earnings ratio of 10.03, a PEG ratio of 1.39 and a beta of 1.48.

Lear (NYSE:LEA) last posted its quarterly earnings data on Friday, January 26th. The auto parts company reported $4.38 EPS for the quarter, beating the Zacks’ consensus estimate of $4.25 by $0.13. Lear had a net margin of 6.42% and a return on equity of 30.32%. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same period in the prior year, the firm posted $3.80 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. sell-side analysts anticipate that Lear will post 18.87 earnings per share for the current year.

In other Lear news, SVP Mel Stephens sold 796 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $179.00, for a total transaction of $142,484.00. Following the transaction, the senior vice president now owns 40,000 shares in the company, valued at $7,160,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Terrence B. Larkin sold 1,137 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $177.74, for a total transaction of $202,090.38. Following the transaction, the executive vice president now owns 6,912 shares in the company, valued at approximately $1,228,538.88. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new position in Lear during the fourth quarter worth $126,000. Toronto Dominion Bank raised its holdings in Lear by 10.9% during the second quarter. Toronto Dominion Bank now owns 852 shares of the auto parts company’s stock worth $121,000 after buying an additional 84 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new position in Lear during the second quarter worth $126,000. Tower Research Capital LLC TRC raised its holdings in Lear by 69.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,010 shares of the auto parts company’s stock worth $178,000 after buying an additional 413 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in Lear during the fourth quarter worth $204,000. Hedge funds and other institutional investors own 91.56% of the company’s stock.

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About Lear

Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lear (NYSE:LEA)

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