There has been a significant shift in the fundamentals for Lear Corporation (NYSE:LEA)

Lear Corporation (NYSE:LEA) shares traded -0.88% lower at $124.02 on Wall Street last session.

In accordance with the data, 19 analysts cover Lear Corporation (NYSE:LEA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $185.00 and a low of $133.00, we find $146.15. Given the previous closing price of $125.12, this indicates a potential upside of 16.81 percent. LEA stock price is now -7.76% away from the 50-day moving average and -8.05% away from the 200-day moving average. The market capitalization of the company currently stands at $7.40B.

It has been rated a hold by 12 analysts and a buy by 7. Brokers who have rated the stock have averaged $152.16 as their price target over the next twelve months.

With the price target reduced from $149 to $139, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Lear Corporation (NYSE: LEA). On July 11, 2022, Exane BNP Paribas Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock increasing its target price from $117 to quote $140, while ‘Wells Fargo’ rates the stock as ‘Overweight’.

In other news, SCOTT RAYMOND E, President and CEO sold 6,142 shares of the company’s stock on Dec 15. The stock was sold for $783,658 at an average price of $127.59. Upon completion of the transaction, the President and CEO now directly owns 16,740 shares in the company, valued at $2.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, President and CEO SCOTT RAYMOND E sold 500 shares of the business’s stock. A total of $69,225 was realized by selling the stock at an average price of $138.45. This leaves the insider owning 22,882 shares of the company worth $2.84 million. Insiders disposed of 122,287 shares of company stock worth roughly $15.17 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in LEA stock. A new stake in Lear Corporation shares was purchased by LYRICAL ASSET MANAGEMENT LP during the first quarter worth $102,153,000. WORLDQUANT MILLENNIUM ADVISORS LLC invested $9,037,000 in shares of LEA during the first quarter. In the first quarter, EDGESTREAM PARTNERS, L.P. acquired a new stake in Lear Corporation valued at approximately $5,302,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in LEA for approximately $5,133,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in LEA valued at around $4,029,000 in the second quarter.

Lear Corporation (NYSE: LEA) opened at $123.93 on Friday. During the past 12 months, Lear Corporation has had a low of $114.67 and a high of $195.43. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.30, and a quick ratio of 1.00. The fifty day moving average price for LEA is $134.40 and a two-hundred day moving average price translates $134.76 for the stock.

The latest earnings results from Lear Corporation (NYSE: LEA) was released for Jul, 2022. According to the Auto Parts Company, earnings per share came in at $1.79, beating analysts’ expectations of $1.44 by 0.35. This compares to -$0.15 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 5.10% for LEA. The company reported revenue of $5.24 billion for the quarter, compared to $4.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.8 percent. For the current quarter, analysts expect LEA to generate $5.14B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 12/27/2022. Investors who held shares on 12/07/2022 were paid a $0.77 dividend. On an annualized basis, this represents a $3.08 dividend and a 2.48% percent yield. There was an ex-dividend date of 12/06/2022 for this dividend. In terms of dividend payout ratio, LEA is presently at 59.60%.

Lear Corporation(LEA) 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. The company’s E-Systems segment provides electrical distribution and connection systems that route electrical signals and networks; and manage electrical power within the vehicle for various powertrains. This segment’s products comprise wire harnesses, terminals and connectors, engineered components, and junction boxes; electronic system products, including body domain control modules, smart and passive junction boxes, gateway and communication modules, integrated power modules, and high voltage switching and power control systems. It also offers software and connected services comprising Xevo Market, an in-vehicle commerce and service platform; and software and services for the cloud, vehicles, and mobile devices. In addition, this segment provides cybersecurity software; advanced vehicle positioning for automated and autonomous driving applications; and short-range communication and cellular protocols for vehicle connectivity. It offers its products and services under the XEVO, GUILFORD, EAGLE OTTAWA, ConfigurE+, INTUTM, LEAR CONNEXUSTM, EXO, JOURNEYWARE, ProTec, SMART JUNCTION BOX, STRUCSURE, AVENTINO, and TeXstyle brands. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.