Lear Corporation (NYSE:LEA) saw an upside of 0.64% to close Friday at $141.97 after adding $0.9 on the day. The 5-day average trading volume is 558,360 shares of the company’s common stock. It has gained $144.64 in the past week and touched a new high 1 time within the past 5 days. An average of 568,160 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 617,908.
LEA’s 1-month performance is -4.55% or -$6.64 on its low of $139.71 reached on 08/18/23. The company’s shares have touched a 52-week low of $114.67 and high of $157.90, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, LEA has achieved 14.47% or $17.95 and has reached a new high 22 times. However, the current price is down -10.09% from the 52-week high price.
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Insider Transactions
LEA stock investors last saw insider trading activity on Aug 04.Esposito Carl A. (SVP & President E-Systems) most recently sold 10,310 shares at $155.00 per share on Aug 04. This transaction cost the insider $1,598,050. EVP & President, Seating, Orsini Frank C, sold 12,332 shares at a price of $155.40 on Aug 03. Then, on Aug 03, Sr. VP & CFO Cardew Jason M sold 2,750 shares at a price of $151.57 per share. This transaction amounted to $416,830.
Valuation Metrics
LEA stock has a beta of 1.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.37 while the price-to-book (PB) in the most recent quarter is 1.69, with the price to cash flow ratio at 18.44.
Lear Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.56. In terms of profitability, the gross margin trailing 12 months is 7.90%. The trailing 12-month EBITDA margin is 6.44% while for the period ending June 29, Lear Corporation’s operating margin was 3.90%. The firm’s gross profit as reported stood at $1.41 billion against revenue of $20.89 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 59.4% to $168.7 million, while revenue of $143.6 million was 14.88% off the previous quarter. Analysts expected LEA to announce $3.21 per share in earnings in its latest quarter, but it posted $3.33, representing a 3.70% surprise. EBITDA for the quarter stood at more than $409.4 million. LEA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.71 billion, with total debt at $3.54 billion. Shareholders hold equity totaling $58.75 million.
Let’s look briefly at Lear Corporation (LEA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 32.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.32%.
The stock’s 5-day moving average is $142.41, reflecting a -0.58% or -$0.83 change from its current price. LEA is currently trading -5.30% above its 20-day SMA, +3.67% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.82% and SMA200 by+2.35%.
Stochastic %K and %D was 6.03% and 7.80% and the average true range (ATR) pointed at 3.47. The RSI (14) points at 38.62%, while the 14-day stochastic is at 12.42% with the period’s ATR at 3.43. The stock’s 9-day MACD Oscillator is pointing at -3.98 and -6.97 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lear Corporation (NYSE: LEA), Exane BNP Paribas upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for LEA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate LEA as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is LEA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $140.00 and a high of $230.00, with their median price target at $165.00. Looking at these predictions, the average price target given by analysts is for Lear Corporation (LEA) stock is $170.82.
