Is Lear (NYSE:LEA) a Buy or a Sell? What Does KeyBanc Think?

Lear Corporation (NYSE:LEA) Logo

Investors sentiment decreased to 0.7 in Q3 2018. Its down 0.39, from 1.09 in 2018Q2. It turned negative, as 70 investors sold Lear Corporation shares while 184 reduced holdings. 66 funds opened positions while 111 raised stakes. 54.61 million shares or 1.74% less from 55.58 million shares in 2018Q2 were reported.

Mirae Asset Glob Investments Limited, a Korea-based fund reported 6,361 shares. Twin Mgmt holds 0.42% or 62,305 shares. Massmutual Tru Fsb Adv holds 0% or 21 shares in its portfolio. Advisory Net Lc accumulated 701 shares. Susquehanna Intll Group Inc Limited Liability Partnership reported 0% of its portfolio in Lear Corporation (NYSE:LEA). Moreover, Carroll Fin Associate has 0% invested in Lear Corporation (NYSE:LEA). Marshall Wace Llp holds 0.02% or 15,521 shares in its portfolio. Jpmorgan Chase And Com holds 0.01% or 263,875 shares. 55,500 are owned by Caspian Cap Limited Partnership. Sandy Spring Fincl Bank reported 0% of its portfolio in Lear Corporation (NYSE:LEA). Quantum Capital has 0.33% invested in Lear Corporation (NYSE:LEA). Shell Asset accumulated 10,368 shares. Alphamark Advisors Ltd holds 1.14% of its portfolio in Lear Corporation (NYSE:LEA) for 19,460 shares. Toronto Dominion Bancshares holds 0% in Lear Corporation (NYSE:LEA) or 7,206 shares. Prudential Financial Inc stated it has 0.02% in Lear Corporation (NYSE:LEA).

Since September 10, 2018, it had 0 insider buys, and 2 insider sales for $119,156 activity. 789 Lear Corporation (NYSE:LEA) shares with value of $106,618 were sold by Bott Richard Harold.

Why Has KeyBanc Given Lear (NYSE:LEA) a $178 Price Target

In a note revealed to investors on Tuesday, 11 December, KeyBanc analyst has today started coverage for Lear (NYSE:LEA) shares with a Overweight rating. The PT is $178.

Lear Corporation (NYSE:LEA) Ratings Coverage

Among 7 analysts covering Lear Corp (NYSE:LEA), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Lear Corp has $23500 highest and $145 lowest target. $191.29’s average target is 54.48% above currents $123.83 stock price. Lear Corp had 10 analyst reports since June 25, 2018 according to SRatingsIntel. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Monday, June 25 by Robert W. Baird. Citigroup maintained the shares of LEA in report on Friday, October 12 with “Buy” rating. The stock of Lear Corporation (NYSE:LEA) has “Neutral” rating given on Friday, October 26 by Buckingham Research. The firm has “Buy” rating by Citigroup given on Monday, July 30. The firm has “Neutral” rating by JP Morgan given on Friday, July 27. The firm has “Neutral” rating given on Wednesday, September 19 by Buckingham Research. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, July 31. Goldman Sachs upgraded it to “Buy” rating and $195 target in Thursday, October 11 report. Morgan Stanley maintained it with “Overweight” rating and $186 target in Wednesday, November 14 report.

The stock decreased 0.11% or $0.14 during the last trading session, reaching $123.83. About 694,488 shares traded. Lear Corporation (NYSE:LEA) has declined 29.53% since December 12, 2017 and is downtrending. It has underperformed by 29.53% the S&P500.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on January, 25. They expect $4.01 earnings per share, down 8.45 % or $0.37 from last year’s $4.38 per share. LEA’s profit will be $257.35M for 7.72 P/E if the $4.01 EPS becomes a reality. After $4.09 actual earnings per share reported by Lear Corporation for the previous quarter, Wall Street now forecasts -1.96 % negative EPS growth.

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 $7.95 billion. It operates in two divisions, Seating and E-Systems. It has a 6.31 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 important recent Lear Corporation (NYSE:LEA) news were published by: which released: “Paulson’s 13F Shows New Stake in Nielsen (NLSN), Dun & Bradstreet (DNB), Exits Comcast (CMCSA) (More…) –” on November 14, 2018, also published article titled: “Auto suppliers PTs cut at Morgan Stanley – Seeking Alpha”, published: “Lear: Enjoy The Smooth Ride – Seeking Alpha” on October 03, 2018. More interesting news about Lear Corporation (NYSE:LEA) was released by: and their article: “Benzinga’s Top Upgrades, Downgrades For December 11, 2018 – Benzinga” with publication date: December 11, 2018.

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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