It Seems Lear Corporation (LEA) Will Go Up. Formed A Few Months Bullish Double Top

April 20, 2018 - By Maria Brooks

Lear Corporation (NYSE:LEA) Logo

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.04, from 0.92 in 2017Q3. It improved, 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.
Mirae Asset Glob holds 10,446 shares. Winfield Assoc invested in 0% or 40 shares. Eaton Vance Mngmt accumulated 0% or 7,450 shares. Shell Asset Management accumulated 0.05% or 13,680 shares. Vident Invest Advisory Limited Liability Company invested in 19,191 shares or 0.15% of the stock. Hl Financial Ltd Llc stated it has 3,519 shares or 0.01% of all its holdings. Legal General Public Llc invested in 406,438 shares. Holderness Investments, a North Carolina-based fund reported 2,520 shares. California-based Tarbox Family Office has invested 0% in Lear Corporation (NYSE:LEA). Alabama-based Andra Ap has invested 0.13% in Lear Corporation (NYSE:LEA). Brandywine Glob Management Ltd Liability has 0.07% invested in Lear Corporation (NYSE:LEA). Scotia stated it has 0% of its portfolio in Lear Corporation (NYSE:LEA). Aureus Asset Mngmt Ltd Liability Corp holds 1,149 shares or 0.03% of its portfolio. Art Advisors Ltd Liability Company invested 0.24% of its portfolio in Lear Corporation (NYSE:LEA). First Manhattan, New York-based fund reported 77 shares.

Since February 16, 2018, it had 0 buys, and 10 insider sales for $46.04 million activity. $4.33 million worth of Lear Corporation (NYSE:LEA) was sold by Larkin Terrence B on Friday, February 16. Shares for $19.01M were sold by Simoncini Matthew. STEPHENS MEL had sold 17,006 shares worth $3.28 million on Wednesday, February 21. $4.86M worth of Lear Corporation (NYSE:LEA) was sold by SCOTT RAYMOND E. Orsini Frank C sold $4.13M worth of stock. Vanneste Jeffrey H. had sold 20,380 shares worth $3.88 million on Friday, February 16.

The chart of Lear Corporation (LEA) shows a double top with $198.12 target or 3.00 % above today’s $192.35 share price. The 6 months chart pattern indicates low risk for the $12.75B company. It was reported on Apr, 20 by If the $198.12 price target is reached, the company will be worth $382.44M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.19% or $0.36 during the last trading session, reaching $192.35. About 192,158 shares traded. Lear Corporation (NYSE:LEA) has risen 33.95% since April 20, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on April, 26 before the open. They expect $4.89 EPS, up 14.52 % or $0.62 from last year’s $4.27 per share. LEA’s profit will be $324.08M for 9.83 P/E if the $4.89 EPS becomes a reality. After $4.38 actual EPS reported by Lear Corporation for the previous quarter, Wall Street now forecasts 11.64 % EPS growth.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 13 analysts covering Lear (NYSE:LEA), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Lear had 23 analyst reports since October 26, 2017 according to SRatingsIntel. Guggenheim maintained Lear Corporation (NYSE:LEA) rating on Monday, January 8. Guggenheim has “Hold” rating and $192.0 target. The stock of Lear Corporation (NYSE:LEA) earned “Outperform” rating by RBC Capital Markets on Thursday, October 26. Goldman Sachs upgraded Lear Corporation (NYSE:LEA) rating on Tuesday, January 30. Goldman Sachs has “Hold” rating and $187.0 target. The company was maintained on Wednesday, February 14 by Citigroup. The company was maintained on Monday, January 29 by Jefferies. As per Tuesday, December 19, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained the shares of LEA in report on Thursday, January 18 with “Buy” rating. Susquehanna maintained the shares of LEA in report on Wednesday, March 14 with “Hold” rating. The firm earned “Buy” rating on Wednesday, February 7 by Deutsche Bank. The rating was upgraded by Morgan Stanley on Thursday, March 22 to “Equal-Weight”.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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