Media stories about Lear Corporation (NYSE:LEA) have been trending somewhat positive on Saturday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lear Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 45.80288687656 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Lear Reaches Analyst Target Price (nasdaq.com)
- Lear : and Honeywell Collaborating on Automotive Cybersecurity Software Solutions (4-traders.com)
- Matthew Simoncini: Lear Corp. CEO funds youth education – The Detroit News (detroitnews.com)
- Lessons Learned from the Hardest Job You’ve Ever Had (fool.com)
- Honeywell And Lear To Collaborate On Automotive Cybersecurity Software Solutions (aftermarketnews.com)
Several brokerages have weighed in on LEA. BidaskClub cut Lear Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine lowered Lear Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $157.00 price target on shares of Lear Corporation in a research note on Wednesday, July 12th. Morgan Stanley lowered Lear Corporation from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $149.00 to $142.00 in a research note on Thursday, June 8th. Finally, Zacks Investment Research upgraded Lear Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $150.18.
Lear Corporation (NYSE LEA) traded up 2.24% on Friday, reaching $167.17. The company had a trading volume of 1,340,354 shares. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 11.14 and a beta of 1.31. The company’s 50 day moving average is $148.17 and its 200-day moving average is $144.07. Lear Corporation has a one year low of $110.77 and a one year high of $167.67.
Lear Corporation (NYSE:LEA) last posted its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $4.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.11 by $0.28. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Lear Corporation had a return on equity of 32.34% and a net margin of 5.51%. The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.66 EPS. On average, equities research analysts expect that Lear Corporation will post $16.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, August 29th. This represents a $2.00 annualized dividend and a dividend yield of 1.20%. Lear Corporation’s payout ratio is 13.28%.
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About Lear Corporation
Lear Corporation (Lear) is a supplier to the global automotive industry. The Company is engaged in supplying seating, electrical distribution systems and electronic modules, as well as related sub-systems, components and software, to automotive manufacturers. The Company’s segments include Seating and E-Systems.
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