Lear (NYSE:LEA) Given New $143.00 Price Target at JPMorgan Chase & Co.

Lear (NYSE:LEA) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $147.00 to $143.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the auto parts company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 48.89% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. StockNews.com upgraded Lear from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Bank of America decreased their target price on shares of Lear from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley cut their price target on shares of Lear from $145.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. Wells Fargo & Company reduced their price target on shares of Lear from $106.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their target price on Lear from $144.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $132.18.

Lear Stock Performance

Shares of LEA opened at $96.05 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.57. The stock has a market cap of $5.22 billion, a P/E ratio of 10.10, a P/E/G ratio of 0.49 and a beta of 1.43. The business’s 50 day moving average price is $96.06 and its 200-day moving average price is $104.27. Lear has a 52 week low of $90.03 and a 52 week high of $147.11.

Institutional Investors Weigh In On Lear

Large investors have recently made changes to their positions in the company. Entropy Technologies LP bought a new position in shares of Lear in the 4th quarter worth approximately $993,000. Vest Financial LLC increased its holdings in Lear by 86.6% during the fourth quarter. Vest Financial LLC now owns 25,901 shares of the auto parts company’s stock valued at $2,453,000 after buying an additional 12,018 shares during the last quarter. State of Alaska Department of Revenue raised its position in Lear by 147.9% in the fourth quarter. State of Alaska Department of Revenue now owns 16,198 shares of the auto parts company’s stock worth $1,533,000 after acquiring an additional 9,665 shares during the period. ARGA Investment Management LP boosted its stake in shares of Lear by 25.7% during the 4th quarter. ARGA Investment Management LP now owns 595,615 shares of the auto parts company’s stock worth $56,405,000 after acquiring an additional 121,734 shares during the last quarter. Finally, Trust Point Inc. grew its position in shares of Lear by 15.6% during the 4th quarter. Trust Point Inc. now owns 2,377 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 320 shares during the period. 97.04% of the stock is currently owned by institutional investors.

About Lear

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America. Its Seating segment offers seat systems, seat subsystems, keyseat components, seat trim covers, seat mechanisms, seat foams, and headrests, as well as surface materials, such as leather and fabric for automobiles and light trucks, compact cars, pick-up trucks, and sport utility vehicles.