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

February 13, 2018 - By Winifred Garcia

 Can analysts adopt a bullish outlook for Lear Corporation (NYSE:LEA)?
Investors sentiment increased to 0.92 in 2017 Q3. Its up 0.08, from 0.84 in 2017Q2. It increased, as 41 investors sold Lear Corporation shares while 173 reduced holdings. 61 funds opened positions while 135 raised stakes. 59.92 million shares or 4.64% less from 62.83 million shares in 2017Q2 were reported.
Cap One National Association holds 8,037 shares or 0.1% of its portfolio. Mirae Asset Global Invests Ltd accumulated 11,255 shares. Sigma Planning Corp accumulated 5,293 shares. State Street Corp invested in 0.02% or 1.62M shares. State Of Wisconsin Investment Board invested in 0.07% or 128,478 shares. Hl Fin Ser Limited Com accumulated 0.01% or 3,641 shares. Plante Moran Financial Lc invested in 0.01% or 100 shares. Koch Industrial accumulated 0.09% or 2,272 shares. Renaissance Gru invested in 0.01% or 1,990 shares. Wetherby Asset has 1,181 shares for 0.03% of their portfolio. 2,916 were reported by Toronto Dominion Bank. Bb&T Corp reported 47,843 shares. Meiji Yasuda Life Ins has invested 0.08% in Lear Corporation (NYSE:LEA). First Mercantile Trust Com stated it has 0.15% of its portfolio in Lear Corporation (NYSE:LEA). Global X Mngmt Ltd Liability Com has 0.01% invested in Lear Corporation (NYSE:LEA).

Since September 18, 2017, it had 0 insider purchases, and 3 sales for $1.60 million activity. The insider FOSTER JONATHAN F sold $494,841. On Monday, September 18 the insider WALLACE HENRY D G sold $690,025.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 20 analysts covering Lear Corporation (NYSE:LEA), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Lear Corporation had 71 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, October 26 by Deutsche Bank. The company was maintained on Thursday, October 26 by Cowen & Co. The stock of Lear Corporation (NYSE:LEA) earned “Equal-Weight” rating by Barclays Capital on Thursday, July 27. Deutsche Bank maintained the shares of LEA in report on Wednesday, October 14 with “Buy” rating. The stock of Lear Corporation (NYSE:LEA) earned “Sell” rating by Goldman Sachs on Thursday, October 6. The rating was maintained by RBC Capital Markets on Sunday, October 1 with “Hold”. The rating was initiated by Seaport Global on Tuesday, August 9 with “Neutral”. Robert W. Baird maintained it with “Buy” rating and $212.0 target in Tuesday, January 23 report. The firm has “Hold” rating given on Monday, October 16 by RBC Capital Markets. Deutsche Bank upgraded the shares of LEA in report on Monday, July 27 to “Buy” rating. Below is a list of Lear Corporation (NYSE:LEA) latest ratings and price target changes.

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
29/01/2018 Broker: Guggenheim Rating: Hold New Target: $206.0 Maintain
29/01/2018 Broker: Jefferies Rating: Buy New Target: $231.0 Maintain
26/01/2018 Broker: Cowen & Co Rating: Buy New Target: $215.0 Maintain
23/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $212.0 Maintain
18/01/2018 Broker: Cowen & Co Rating: Buy New Target: $220.0 Maintain
08/01/2018 Broker: Guggenheim Rating: Hold New Target: $192.0 Maintain
05/01/2018 Broker: Longbow Rating: Buy New Target: $225 Initiates Coverage On
19/12/2017 Broker: RBC Capital Markets Rating: Buy New Target: $232.0 Maintain

The stock decreased 1.09% or $2.06 during the last trading session, reaching $186.96. About 497,465 shares traded. Lear Corporation (NYSE:LEA) has risen 28.33% since February 13, 2017 and is uptrending. It has outperformed by 11.63% 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 $12.51 billion. It operates in two divisions, Seating and E-Systems. It has a 10.06 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 recent Lear Corporation (NYSE:LEA) news were published by: Zacks.com which released: “Lear Corp (LEA) to Report Q4 Earnings: What’s in the Cards?” on January 23, 2018. Also Seekingalpha.com published the news titled: “More on Lear’s Q3” on January 26, 2018. Seekingalpha.com‘s news article titled: “No spinoffs planned at Lear Corporation” with publication date: January 16, 2018 was also an interesting one.

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