Lear (NYSE:LEA) Price Target Cut to $102.00 by Analysts at UBS Group

Lear (NYSE:LEA) had its price target dropped by investment analysts at UBS Group from $104.00 to $102.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. UBS Group’s price objective would suggest a potential upside of 7.99% from the company’s previous close.

A number of other equities analysts have also recently issued reports on LEA. Bank of America cut their price target on Lear from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays cut their target price on Lear from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Lear from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th. TD Cowen dropped their price target on shares of Lear from $142.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on shares of Lear from $99.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Lear currently has a consensus rating of “Hold” and an average price target of $130.18.

Lear Stock Down 0.2 %

NYSE LEA traded down $0.21 during trading hours on Friday, hitting $94.45. 175,810 shares of the company traded hands, compared to its average volume of 664,801. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.33. The business’s 50-day moving average is $95.63 and its 200-day moving average is $103.17. Lear has a twelve month low of $86.28 and a twelve month high of $147.11. The stock has a market capitalization of $5.13 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.61 and a beta of 1.42.

Lear (NYSE:LEA) last announced 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 net margin of 2.33% and a return on equity of 14.68%. Sell-side analysts anticipate that Lear will post 12.14 earnings per share for the current year.

Hedge Funds Weigh In On Lear

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its stake in Lear by 187.0% in the fourth 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% in the fourth quarter. Addison Advisors LLC now owns 338 shares of the auto parts company’s stock worth $32,000 after buying an additional 137 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Lear during the third quarter worth $34,000. Blue Trust Inc. increased its position in shares of Lear by 240.4% in the 3rd 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 raised its stake in Lear by 71.6% in the 3rd quarter. Signaturefd LLC now owns 333 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 139 shares during the last quarter. Institutional investors 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.