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

May 14, 2018 - By Dolores Ford

Lear Corporation (NYSE:LEA) LogoInvestors sentiment increased to 0.96 in 2017 Q4. Its up 0.04, from 0.92 in 2017Q3. It increased, as 26 investors sold Lear Corporation shares while 172 reduced holdings. 50 funds opened positions while 141 raised stakes. 58.04 million shares or 3.12% less from 59.92 million shares in 2017Q3 were reported.
Mufg Americas Hldgs Corporation invested 0% of its portfolio in Lear Corporation (NYSE:LEA). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0.1% or 62,430 shares. Gulf Intll Retail Bank (Uk) reported 22,130 shares. Blair William Company Il accumulated 0.01% or 7,955 shares. Mu Invs Comm Ltd holds 140 shares or 0.02% of its portfolio. Royal Financial Bank Of Canada, Ontario – Canada-based fund reported 115,892 shares. Sigma Planning accumulated 5,703 shares or 0.08% of the stock. Affinity Invest Limited Liability Corporation invested 1.28% in Lear Corporation (NYSE:LEA). Advsr Asset Management has 0.05% invested in Lear Corporation (NYSE:LEA) for 17,012 shares. Bokf Na owns 0.2% invested in Lear Corporation (NYSE:LEA) for 41,690 shares. Amp Capital Investors Ltd has invested 0.07% in Lear Corporation (NYSE:LEA). Clark Cap Mngmt has invested 0.72% in Lear Corporation (NYSE:LEA). Asset Mngmt One Limited owns 112,854 shares for 0.04% of their portfolio. Clearbridge Invests Ltd Liability Company accumulated 0% or 223 shares. M&T Natl Bank Corporation stated it has 22,763 shares or 0.02% of all its holdings.

Since February 16, 2018, it had 0 insider purchases, and 10 insider sales for $46.04 million activity. The insider Kunkel Jay K. sold $1.27M. Another trade for 22,756 shares valued at $4.33 million was made by Larkin Terrence B on Friday, February 16. Simoncini Matthew sold 100,000 shares worth $19.01M. Vanneste Jeffrey H. sold $3.88 million worth of stock. DiDonato Thomas A had sold 21,415 shares worth $4.07M. On Friday, February 16 BURGESS SHARI L sold $1.02 million worth of Lear Corporation (NYSE:LEA) or 5,373 shares.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 12 analysts covering Lear Corp (NYSE:LEA), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Lear Corp had 18 analyst reports since December 19, 2017 according to SRatingsIntel. On Tuesday, January 30 the stock rating was upgraded by Goldman Sachs to “Hold”. The firm earned “Hold” rating on Monday, January 8 by Guggenheim. On Tuesday, December 19 the stock rating was maintained by RBC Capital Markets with “Buy”. On Monday, January 29 the stock rating was maintained by Guggenheim with “Hold”. As per Friday, April 27, the company rating was maintained by Longbow. The stock of Lear Corporation (NYSE:LEA) earned “Buy” rating by Cowen & Co on Thursday, January 18. On Monday, April 30 the stock rating was maintained by Citigroup with “Buy”. Robert W. Baird maintained Lear Corporation (NYSE:LEA) rating on Tuesday, January 23. Robert W. Baird has “Buy” rating and $212.0 target. The firm has “Buy” rating given on Wednesday, February 7 by Deutsche Bank. On Friday, January 26 the stock rating was maintained by Cowen & Co with “Buy”. Below is a list of Lear Corporation (NYSE:LEA) latest ratings and price target changes.

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
30/01/2018 Broker: Goldman Sachs Rating: Hold New Target: $187.0 Upgrade

The stock increased 1.76% or $3.44 during the last trading session, reaching $198.42. About 226,064 shares traded. Lear Corporation (NYSE:LEA) has risen 33.95% since May 14, 2017 and is uptrending. It has outperformed by 22.40% 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 $13.16 billion. It operates in two divisions, Seating and E-Systems. It has a 10.67 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: which released: “Evercore ISI Upgrades Lear (LEA) to Outperform” on May 14, 2018, also with their article: “Research Report Identifies Jaguar Animal Health, Dollar Tree, WPX Energy, Abaxis, Lear, and Baker Hughes with …” published on May 07, 2018, published: “Lear Corporation: Macro Headwinds To Compress Prices” on April 25, 2018. More interesting news about Lear Corporation (NYSE:LEA) were released by: and their article: “Lear raises outlook on rising seating, electronics sales” published on April 26, 2018 as well as‘s news article titled: “Lear Corporation 2018 Q1 – Results – Earnings Call Slides” with publication date: April 26, 2018.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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