Can analysts adopt a bullish outlook for Lear Corporation (NYSE:LEA)?

May 30, 2018 - By Henry Gaston

Lear Corporation (NYSE:LEA) LogoInvestors sentiment decreased to 0.93 in 2018 Q1. Its down 0.03, from 0.96 in 2017Q4. It turned negative, as 23 investors sold Lear Corporation shares while 193 reduced holdings. 64 funds opened positions while 136 raised stakes. 55.69 million shares or 4.05% less from 58.04 million shares in 2017Q4 were reported.
Rothschild Asset Mgmt invested in 11,831 shares. Suntrust Banks owns 138,676 shares or 0.17% of their US portfolio. Gideon Capital holds 0.49% of its portfolio in Lear Corporation (NYSE:LEA) for 4,250 shares. James Invest has 16,527 shares. The Illinois-based Anchor Bolt Cap Lp has invested 4.65% in Lear Corporation (NYSE:LEA). Toronto Dominion Natl Bank has 0% invested in Lear Corporation (NYSE:LEA). Citadel Advsrs Limited Com has invested 0.02% in Lear Corporation (NYSE:LEA). Utd Capital Fincl Advisers Ltd Co owns 67,217 shares. Artemis Inv Mgmt Limited Liability Partnership reported 100,856 shares. Old Mutual Customised Solutions (Proprietary) Limited holds 2,400 shares or 0.05% of its portfolio. State Of Wisconsin Inv Board holds 58,973 shares or 0.03% of its portfolio. Pacific Global Management Com reported 9,058 shares. Bowling Llc invested in 1.07% or 42,117 shares. Pension Ser owns 83,930 shares for 0.08% of their portfolio. Mackenzie Fincl Corporation stated it has 210,307 shares or 0.1% of all its holdings.

Since February 16, 2018, it had 0 insider buys, and 13 sales for $47.12 million activity. $3.28 million worth of Lear Corporation (NYSE:LEA) was sold by STEPHENS MEL. On Friday, February 16 Kunkel Jay K. sold $1.27M worth of Lear Corporation (NYSE:LEA) or 6,694 shares. Another trade for 1,000 shares valued at $190,671 was sold by RUNKLE DONALD L. $4.13 million worth of Lear Corporation (NYSE:LEA) shares were sold by Orsini Frank C. 1,063 shares were sold by Bott Richard Harold, worth $215,098 on Thursday, May 17. Shares for $4.07M were sold by DiDonato Thomas A.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 13 analysts covering Lear Corp (NYSE:LEA), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Lear Corp had 19 analyst reports since December 19, 2017 according to SRatingsIntel. RBC Capital Markets maintained Lear Corporation (NYSE:LEA) on Tuesday, December 19 with “Buy” rating. Evercore upgraded Lear Corporation (NYSE:LEA) on Monday, May 14 to “Outperform” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, February 7. Robert W. Baird maintained Lear Corporation (NYSE:LEA) rating on Tuesday, April 17. Robert W. Baird has “Buy” rating and $21800 target. The stock of Lear Corporation (NYSE:LEA) has “Hold” rating given on Wednesday, March 14 by Susquehanna. Guggenheim maintained Lear Corporation (NYSE:LEA) rating on Monday, January 8. Guggenheim has “Hold” rating and $192.0 target. The rating was maintained by Citigroup on Wednesday, February 14 with “Buy”. The firm has “Buy” rating by Citigroup given on Monday, April 30. Citigroup maintained the shares of LEA in report on Thursday, April 19 with “Buy” rating. The firm has “Buy” rating given on Friday, January 26 by Cowen & Co. Below is a list of Lear Corporation (NYSE:LEA) latest ratings and price target changes.

14/05/2018 Broker: Evercore Old Rating: In-Line New Rating: Outperform Upgrade
30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $234 New Target: $243 Maintain
27/04/2018 Broker: Longbow Rating: Buy New Target: $225.0000 Maintain
19/04/2018 Broker: Citigroup Rating: Buy New Target: $234.0000 Maintain
17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $200 New Target: $199 Maintain
17/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $218.0000 Maintain
22/03/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Equal-Weight Upgrade
14/03/2018 Broker: Susquehanna Rating: Hold New Target: $188.0 Maintain
14/02/2018 Broker: Citigroup Rating: Buy New Target: $234.0 Maintain
07/02/2018 Broker: Deutsche Bank Rating: Buy New Target: $242.0 Upgrade

The stock decreased 1.30% or $2.58 during the last trading session, reaching $196.05. About 516,018 shares traded. Lear Corporation (NYSE:LEA) has risen 37.02% since May 30, 2017 and is uptrending. It has outperformed by 24.45% the S&P500.

Lear Corporation designs, develops, engineers, makes, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. The company has market cap of $13.00 billion. It operates in two divisions, Seating and E-Systems. It has a 10.55 P/E ratio. The Seating segment provides seat systems and related components, including leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles, as well as thermoelectric seat heating and cooling systems.

More notable recent Lear Corporation (NYSE:LEA) news were published by: Streetinsider.com which released: “Car imports probe gives GM, Ford shares tiny lift” on May 24, 2018, also Globenewswire.com with their article: “Research Report Identifies Jaguar Animal Health, Dollar Tree, WPX Energy, Abaxis, Lear, and Baker Hughes with …” published on May 07, 2018, Streetinsider.com published: “Evercore ISI Upgrades Lear (LEA) to Outperform” on May 14, 2018. More interesting news about Lear Corporation (NYSE:LEA) were released by: Seekingalpha.com and their article: “Lear Corporation: Primed For A Breakout” published on May 17, 2018 as well as Streetinsider.com‘s news article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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