Lear Corporation (NYSE:LEA) shares traded 1.31% higher at $145.98 on Wall Street last session.
In accordance with the data, 17 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 $230.00 and a low of $140.00, we find $170.50. Given the previous closing price of $144.09, this indicates a potential upside of 18.33 percent. LEA stock price is now -0.53% away from the 50-day moving average and 6.03% away from the 200-day moving average. The market capitalization of the company currently stands at $8.47B.
It has been rated a hold by 9 analysts and a buy by 7. Brokers who have rated the stock have averaged $173.17 as their price target over the next twelve months.
In other news, Esposito Carl A., SVP & President E-Systems sold 10,310 shares of the company’s stock on Aug 04. The stock was sold for $1,598,050 at an average price of $155.00. Upon completion of the transaction, the SVP & President E-Systems now directly owns 9,105 shares in the company, valued at $1.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 03, EVP & President, Seating Orsini Frank C sold 12,332 shares of the business’s stock. A total of $1,916,425 was realized by selling the stock at an average price of $155.40. This leaves the insider owning 7,809 shares of the company worth $1.14 million. Insiders disposed of 178,901 shares of company stock worth roughly $26.12 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 HOLOCENE ADVISORS, LP during the first quarter worth $64,553,000. CHURCHILL MANAGEMENT CORP invested $15,612,000 in shares of LEA during the first quarter. In the first quarter, SCOUT INVESTMENTS, INC. acquired a new stake in Lear Corporation valued at approximately $8,372,000. EVR RESEARCH LP acquired a new stake in LEA for approximately $7,299,000. HRT FINANCIAL LP purchased a new stake in LEA valued at around $4,045,000 in the second quarter. In total, there are 682 active investors with 102.62% ownership of the company’s stock.
Lear Corporation (NYSE: LEA) opened at $144.62 on Friday. During the past 12 months, Lear Corporation has had a low of $114.67 and a high of $157.90. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.40, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $10.44B, which is based on a 16.64 price-to-earnings ratio, a 0.47 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for LEA is $146.93 and a two-hundred day moving average price translates $137.67 for the stock.
The latest earnings results from Lear Corporation (NYSE: LEA) was released for Jun, 2023. According to the Auto Parts Company, earnings per share came in at $3.33, beating analysts’ expectations of $3.21 by 0.12. This compares to $1.42 EPS in the same period last year. The net profit margin was 2.30% and return on equity was 11.10% for LEA. The company reported revenue of $6.0 billion for the quarter, compared to $5.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.3 percent. For the current quarter, analysts expect LEA to generate $5.54B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/19/4023. Investors who held shares on 08/31/2023 were paid a $0.77 dividend. On an annualized basis, this represents a $3.08 dividend and a 2.11% percent yield. There was an ex-dividend date of 08/30/2023 for this dividend. In terms of dividend payout ratio, LEA is presently at 35.00%.
